October e-way bill generation at record 7.35 crore

GST E-WAY BILL UNDER GST

E-way bill generation for goods transportation under the goods and services tax (GST) system stood at a record 7.35 crore for October, highest monthly data since the indirect tax regime was rolled out in July 2017, reflecting an upswing in economic activities in the festival season and improved compliance.

E-way bill generation has been registering a steady rise since June 2021 after falling to below 4 crore in May when the second wave of the Covid pandemic was at its peak. The October e-way bill generation was 84% higher than May and 8% more than September. The daily e-way generation rose 4.7% on month to 23.71 lakh in October compared with 22.65 lakh in September.

Taxtimes

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