Covid-19 Recovery Pulse - E-Way Bills, GST Collections Remain Buoyant In February: ICICI Direct
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Covid-19 Recovery Pulse - E-Way Bills, GST Collections Remain Buoyant In February: 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 February ended on a strong note reaching 6.4 crore. If we compare this to the average bill generation in the months prior to Covid-19 (October 2019-February 2020), it has reached approximately 116% of the average 5.5 crore bills.

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

Goods and services tax collection for February came in at Rs 113143 crore, up 7.4% YoY.

This marks five straight months wherein GST collection has been above the Rs 1 lakh crore mark.

Click on the attachment to read the full report:

ICICI Direct Covid Recovery Pulse.pdf

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