Data Alert
Aug e-way bill generation up 12.9% on year at 105.48 mln
This story was originally published at 20:36 IST on 13 September 2024
Register to read our real-time news.Informist, Friday, Sep 13, 2024
NEW DELHI – The number of e-way bills generated jumped 12.9% year-on-year to an all-time high of 105.48 mln in August, according to data from the Goods and Services Tax Network. At 12.9%, the growth in e-way bills generated is the lowest since November.
In July, 104.86 mln e-way bills were generated. This is the fourth consecutive month that the number of e-way bills generated has crossed the 100-mln mark.
An e-way bill is a GST document for transport of goods worth more than 50,000 rupees within or outside a state. As such, the number of e-way bills generated is taken as a lead indicator of economic activity and domestic trade.
The increase in e-way bills generally suggests GST collections would be robust the following month, as most transactions are reflected in next month's collections. GST collections rose 10% on year to 1.75 trln rupees in August. End
Reported by Shubham Rana
Edited by Deepshikha Bhardwaj
For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.
Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.
Informist Media Tel +91 (11) 4220-1000
Send comments to feedback@informistmedia.com
© Informist Media Pvt. Ltd. 2024. All rights reserved.
To read more please subscribe
Share this Story:
