Quick Summary
E-way bills generated for transportation of goods within and across states in October slipped from the high level seen at the end of the September quarter but maintained their momentum backed by the festive season demand, showed official data.
Data from GSTN, the company that processes GST returns, showed that over 7.68 crore e-way bills were raised in October, compared to over 8.4 crore electronic permits raised in September. E-way bills, taken by analysts as a high frequency indicator of consumption and production trends, has remained well above 7 crore since March, showing robust goods shipment across the country and witnessed sustained growth since May till September.
FAQ :
Over 7.68 crore e-way bills were generated in October.
The number of e-way bills in October was lower than in September, when over 8.4 crore were generated.
E-way bills are considered by analysts as a high-frequency indicator of consumption and production trends.
Yes, e-way bills have remained well above 7 crore since March, showing robust goods shipment.
The sustained momentum in e-way bills is backed by demand during the festive season.
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