Daily average e-way bill generation has come back on track after a sharp decline showed in the month of May, 2021 since its implementation in June 2020, as states imposed tight restrictions to curb rising Covid cases.
According to official data of GSTIN, daily average e-way bill generation moved up from 1.61 million seen in 1st June 2021 to 1.68 million as on 20th June, 2021. This is in contrast with the daily average of 1.28 million seen in May. Over 33.7 million e-way bills were raised in June in the first 20 days.
E-way bills are required for the transportation of goods of more than Rs 50,000 in value across the country. Generation of electronic permits for goods movement, or e-way bills, picked up further momentum in the third week of June, indicating that economic activity was on the rise in line with the lifting of regional restrictions on mobility. Improving e-way bills indicates better functioning of the supply chain as economic activity heads towards normalcy.
Knowledge Source:
No QR Code for Businesses having Turnover more than 500 Crore