Signs of boost in business, 4.27 crore e-way bills of Rs 12.40 lakh crore released in June

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New Delhi, July 06: Economic and business activities are looking back on track after easing in the countrywide lockdown due to coronavirus.

The Goods and Services Tax Network (GSTN) reported that more than 1.4 million e-way bills were withdrawn daily in June 2020, which is about 77 per cent of the level before lockdown.

It is worth mentioning that for the transportation of goods worth more than 50 thousand rupees, an e-way bill is necessary.

GSTN said late Sunday night that 14.26 lakh e-way bills were withdrawn in June.

GSTN said in a statement that companies and transporters took out 4.27 crore e-way bills in June for goods worth Rs 12.40 lakh crore. This is more than 4 crore bills with a value of Rs 11.43 lakh crore drawn in March.

5.63 crore e-way bills withdrawn in February

The GSTN said in a statement that it is an indicator of the improvement in economic activity after the nationwide lockdown was relaxed for the pandemic of Covid-19.

According to GSTN, 84.53 lakh e-way bills worth Rs 3.90 lakh crore were taken out in April and 8.98 lakh crore e-way bills in May. In comparison, 5.63 crore e-way bills worth Rs 15.39 lakh crore in February and 5.61 crore e-way bills worth Rs 15.71 lakh crore were removed in January from the government portal.

3.51 lakh e-way bills per day in lockdown 2.0

According to the data, an average of 18.49 lakh e-way bills was withdrawn daily from January 25 to March 24, 2020.

During the first phase of lockdown, from March 25 to April 14, the figure fell sharply to 1.72 lakh bills per day.

At the same time, 3.51 lakh e-way bills were withdrawn daily from April 15 to May 3 during Lockdown 2.0, while 6.75 lakh bills were withdrawn daily during the third phase of lockdown i.e. May 4 to May 14.

Similarly, in the fourth phase of lockdown, 9.84 lakh e-way bills were withdrawn from May 15 to May 31.

During Unlock 1.0 in June, this figure rose to 14.26 lakh bills per day.

It is worth mentioning that the lockdown was implemented on March 25 across the country to control the pandemic Covid-19.

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