E-way bill generation higher in July at 48.3 million; still lower than pre-Covid levels

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Over 48.3 million e-way bills were generated in July 2020, higher than June where the total number of bills stood at 43.4 million, but still short of pre-Covid levels of over 55.3 million in January and February this year. The numbers of bills generated in the months post lockdown is a strong indicator of the economy recovering from the affects of COVID-19 pandemic.

E-way bills, a must for transportation of goods worth more than Rs 50,000, clocked a daily average of 1.5 million in July, marginally higher than the daily average of 1.4 million in June. The daily average numbers are inching closer to the 1.8 million per day recorded during the pre-Covid period, from January 25 to March 24. As per GSTN, over 2.08 million e-way bills were generated in the first three days of August.

Read More at: https://economictimes.indiatimes.com/news/economy/policy/e-way-bill-generation-higher-in-july-at-48-3-million-still-lower-than-pre-covid-levels/articleshow/77342758.cms