The average E-way bill generation in May dropped to nearly 35 percent over April and nearly 44 percent from March.
The GST made E-way bill mandatory for the movement of goods valued over ₹50,000 from one place to another. The E-way bill, which replaces multiple documents, has reduced the transport time with the removal of the check-posts on State borders. It has improved the compliance and collection of tax, says the government.
According to data from GST Network (GSTN), as on May 30, the average daily E-way bill generation dipped to around 12.73 lakh during the month from 19.59 lakh in April and 22.98 lakh in March.
As a silver-lining, the average generation improved a tad in the second fortnight, at a little over 12.15 lakh, suggesting a pick up in goods movement.
“Local lockdowns in many States/UTs including big industrial ones such as Maharashtra, Tamil Nadu, Karnataka, Uttar Pradesh, and Delhi, affected business and accordingly E-way bill generation saw a sharp decline,” a senior Finance Ministry official said. However, he expects bills generation to pick up as goods movement resumes with the phased unlock in many States.
Source from: https://www.thehindubusinessline.com/economy/e-way-bill-generation-slows-35-over-april/article34702234.ece