Covid-19 Recovery Pulse - E-Way Bills, GST Collections Remain Buoyant In February: ICICI Direct
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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.
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