BW CFO World Online Bureau
A rise was recorded in early September for the daily generation of E-way bills, approximately 7.5 per cent higher than the previous 8 days
Daily e-way bill generation for goods transportation under the Goods and Services Tax (GST) system was recorded at 20.97 lakh in the first five days of September, 7.5 per cent higher than the daily average for the first eight days of August which indicating continued momentum in economic recovery.
The daily average e-way bills for the first five days of September were marginally lower (1.4 per cent) than the daily average of 21.26 lakh for the full month of August. The daily average was 19.5 lakh in the first eight days of August.
Going by the recent weekly trends, the daily average is expected to pick up further for September when data for the full month is captured. Between September 1 and 5, as many as 1.05 crore e-way bills were generated. All credit to the easing of lockdowns, e-way bill generation by businesses rose to 6.59 crore in August from 6.42 crore in July and 5.5 crore in June.
The gross GST collections came in at Rs 1.12 lakh crore in August, up 30 per cent on year but down 3.8 per cent on month, signalling an ongoing economic recovery but suggesting that activities aren’t picking up evenly across sectors.
(PTI)