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