E-way bill generation in February saw a decrease, reaching a three-month low of over 8.18 crore. This figure is lower than the numbers recorded in January and December. While February had 28 days compared to the 31 days in the preceding months, the drop suggests a potential impact on next month's GST collections, although some experts believe the link isn't direct.
E-way bill generation in February dropped to a three-month low of over 8.18 crore. It was over 8.24 crore and 8.41 crore in January and December
Technically, data for February are for 28 days while preceding two (January and December) months total numbers are for 31 days. However, during fiscal y
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FAQ :
E-way bill generation in February dropped to a three-month low of over 8.18 crore.
In February, over 8.18 crore e-way bills were generated, which is lower than the figures of over 8.24 crore in January and 8.41 crore in December.
An e-way bill is an electronic document generated on a portal that serves as evidence for the movement of goods.
Any registered person causing the movement of goods with a consignment value exceeding ₹50,000 is required to generate an e-way bill, as per Rule 138 of the CGST Rules, 2017.
Generally, e-way bill generation in a month is seen as an indication of GST collection in the following month. However, some experts suggest this link is not always direct.