Covid-19 Recovery Pulse- E-Way Bill Starts On Strong Footing In March; GST Collection Up In Feb: ICICI Direct 
A truck transports shipping containers from the Jawaharlal Nehru Port in Navi Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

Covid-19 Recovery Pulse- E-Way Bill Starts On Strong Footing In March; GST Collection Up In Feb: ICICI Direct 

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BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Direct Report

E-Way bill generation for March began on a strong note reaching 4.9 crore. If we compare this to the average bill generation in months prior to Covid-19 (October 2019-February 2020), it has reached approximately 129% levels of the average 5.5 crore bills.

E-Way bill generation for April, May, July, August, September, October, November, December, January and February hovered at 16%, 46%, 79%, 88%, 90%, 104%, 116%, 105%, 116%, 114% and 116% levels, respectively.

Goods and services tax collection for February came in at Rs 113143, up 7.4% YoY. This marks five straight months wherein GST collection has been above the Rs one lakh crore mark.

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ICICI Direct Covid Recovery Pulse 01 April21.pdf

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