4.27 crore e-way bills generated in June

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E-way bill generation data for the month of June was 4.27 crore, higher than the numbers for March of 4.03 crore, the goods and services tax network (GSTN) said Sunday.

On June 30, the last day of Unlock 1.0 clocked 18.32 lakhs e-way bills with a value of over Rs. 54,500 crore, which is the highest since the enforcement of the lockdown.

E-way bill is required to be generated by a registered GST taxpayer for the movement of goods if the value of the consignment is more than Rs. 50,000 for inter-state movement. It is one of the prominent indicators of economic activity, and has seen a huge recovery during Unlock 1.0.

The E-way generation which used to be around 20 lakh a day, in regular times, had drastically come down after the enforcement of the lockdown.

March witnessed the steepest fall in E-way bill generation plunging to a low of approximately 0.50 lakh on 25th March, the lowest figure on the first day of the nation-wide lockdown.

However, “with the phase-wise relaxation announced by the Government, the trend had started moving upwards and after the Unlock 1.0, the e-way bill generation is nearing full recovery,” the government said.

It added that based on the current trend, it is expected that the cargo movement will further accelerate in the Unlock 2.0, which along with other indicators is a healthy sign of an early economic recovery and stability.

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Tagged coronavirus, covid, e-way bill, Goods and services tax, gst, unlock

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