September 5. way4 crore e-way bill generated; Signs of economic development: Finance quarter

On Thursday, Finance Secretary Dr Ajay Bhushan Pandey said more than 5.744 crore e-way bills were generated in September in recognition of economic growth as business activities became more open and despite the adverse effects of COVD-19.

“More than 5,744 crore e-way bills have been generated this September. These are positive signs of economic growth as activity is opening up and there are indicators of economic recovery despite the adverse effects of Covid-19,” Pandey said.

The Finance Secretary said that the positive revenue has increased in September this year as compared to the same period last year as the collection of Goods and Services Tax (GST) has not seen a growth of only 4 per cent per annum. 95,480 crore but there is a record generation of e-way bills in any one day since the facility was provided.

“On September 30, 2020, about 266.19 lakh e-way bills were generated, which is the highest count in a single day. This is the third day this year when a record count was made to identify e-way bills. On February 29 of the year, 25.19 lakh e-way bills were generated and on January 31, about 24.7474 lakh e-way bills were generated, “he added.

The finance secretary said it was a “very recognizable sign” of economic recovery with increasing business activity since the lockdown of the COVID-19 epidemic six months ago.

“The number of e-way bills generated this month was 9.3 per cent higher than the average raised in September last year, a record single day in September 30, 2020 was 226.19 lakh,” Pandey said.

He said that the total collection lections by GST income GST revenue in September was Rs 95,480 crore, four per cent higher than the same month last year.

“Several large states have shown very positive growth percentages in GST collection which indicates that the economic recovery process is on track. With the festive season coming up next month, we are confident of a better recovery in GST collection,” Pandey said.

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