The average number of e-way bills generated by businesses on the GST Network portal was 6 lakh/day in the week to May 11, twice the level in April, in what indicated a pick-up in economic activities and demand after the lockdown restrictions were relaxed on May 4 (see chart).
In February, an average of 19.7 lakh e-way bills were issued by the portal on a daily basis. However, in March, which is otherwise the busiest month of the financial year, the average e-way bills generated dropped to 13.1 lakh/day due to lockdown imposed in the last week of month.
E-way bills are required for GST-registered businesses to transport cargo if it exceeds over Rs 50,000 in value. A government portal issues these receipts after relevant information (related to cargo, sender, recipient and vehicle for transport) are provided.
Last week, among several measures aimed at easing compliance burden during the pandemic, the government extended the e-way bill validity for the second time since the lockdown was imposed. The e-way bill generated on or before March 24 and expiring during March 20-April 15 period would now be valid till May 31. This is likely to help trucks stuck en route to reach their destinations smoothly.