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GST E-way Bills Show Resilience Despite April Dip
9 May
Summary
- E-way bills fell 5.4% in April to 133.3 million.
- This figure still represents an 11.8% increase year-over-year.
- The dip is attributed to seasonal factors after a March high.
E-way bill generation under the GST regime experienced a 5.4% sequential decrease in April, with 133.3 million bills issued compared to March's record 140.6 million. This dip is largely attributed to seasonal patterns, with the new financial year in April naturally seeing a reduction after the year-end surge in goods movement.
Despite the month-on-month decline, the data reflects significant year-on-year growth, with April's generation being 11.8% higher than the previous year. This sustained growth signals ongoing economic resilience and consistent goods transportation.
An e-way bill is an essential electronic document for tracking goods movement valued over ₹50,000. The consistent year-on-year increase suggests a healthy domestic demand and a continued formalization of trade supply chains under the GST framework.
The government also reported record GST revenue collection of ₹2.42 lakh crore in April, even amidst ongoing GST rate rationalization efforts.
