E-way bills in May treble from April levels; Still behind pre-March levels

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The generation of goods and services tax (GST) e-way bills trebled in May compared to the previous month but were half the level seen in the pre-March levels, indicating only a gradual pick up in economic activity as Covid19 lockdown conditions started easing. This indicates that GST revenue for May, but collected in June may show recovery after reporting a close to 85 percent shortfall in April vis-a-vis last year. About 25.4 million e-way bills were generated on the GST Network portal in May compared to 8.6 million in April.

The level was however, less than half of that seen in February, the pre-lockdown month at Rs 5.75 crore and 5.42 crore in May last year. Under the GST regime, e-way bill has to be generated if goods worth over Rs 50,000 are transported. Inter-state movement of goods remained subdued during the month with some states imposing restrictions amid Covid.

The E-way bills generated for inter-state movement of goods at 8.3 milliom were about half the 17 million generated for supply of goods within the state, the GSTN data showed. In the pre-lockdown months, the e-way bills for inter-state movement of goods are generally only about 30 percent lower than the intra-state e-way bills.

Read More at: https://www.business-standard.com/article/economy-policy/e-way-bills-in-may-treble-from-april-levels-still-behind-pre-march-levels-120060201582_1.html

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