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E-way bill generation gears up in August

Thanks to State Governments for relaxations in lockdown, the monthly count of e-way bill generation jumps to 6.42 crore in July from 5.5 crore in June. 

The average daily e-way bill generation in the month of July is as follows-

Days

E-way bill generated (Nos)

First 11 days

19.24 lakh

Week ended July 18

20.4 lakh

Week ended July 25

20.2 lakh

last six days of July

24.3 lakh

 

Nearest to 3.07 crore e-way bills were generated between 1st and 15th August 2021. The daily average count of e-way bills being generated in August 2021 has been about 1% lower than the daily average count in July 2021. However, the daily average count in the second week increased to 5% in comparison to the first week of August 2021.

Taxpayers across the country generated 20.5 lakh EWBs during the week ending 15th August 2021. It indicates a surge in business transactions.

As we know, e-way bill generation is directly related to GST collection. More generation of the e-way bill, More GST collection. The Gross GST collection in the month of July was 1.16 lakh crore. It demonstrates a speedy economic recovery after the second COVID-19 wave.


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TaxGyata Team

TaxGyata Team