E-way bills in May treble from April levels; Still behind pre-March levels

This indicates that GST revenue for May, but collected in June, could recover after reporting a close to 85% shortfall in April vis-a-vis last year

The generation of goods and services tax (GST) e-way bills trebled in May compared to the previous month, but were half the level seen in the pre-March levels, indicating only a gradual pick up in economic activity as Covid-19 lockdown conditions started easing.

This indicates that GST revenue for May, but collected in June may show recovery after reporting a close to 85 per cent shortfall in April vis-a-vis last year.

About 25.4 million e-way bills were generated on the GST Network portal in May compared to 8.6 million in April. The level was however, less than half of that