Due to easing of lockdowns, e-way invoice technology by companies rose to six.59 crore in August from 6.42 crore in July and 5.5 crore in June.

Every day e-way invoice technology for items transportation below the Items and Companies Tax (GST) system got here in at 23.57 lakh for the week ended September 26, up 4{c34e2c9cd63a11c97fab811dbaaefe0cfbb1edd2527888e1a44d36f3491ee811} than the every day common for the earlier week, reflecting an extra pick-up in financial actions forward of the competition season.

The every day common for the primary 26 days of September was 21.86 lakh, 3{c34e2c9cd63a11c97fab811dbaaefe0cfbb1edd2527888e1a44d36f3491ee811} greater than the every day common of 21.26 lakh for August.

Going by the current weekly traits, the every day common is anticipated to rise additional for September when information for the total month is captured. Between September 1 and 26, as many as 5.69 crore e-way payments had been generated.

Due to easing of lockdowns, e-way invoice technology by companies rose to six.59 crore in August from 6.42 crore in July and 5.5 crore in June.

The gross GST collections got here in at Rs 1.12 lakh crore in August (largely July transactions), up 30{c34e2c9cd63a11c97fab811dbaaefe0cfbb1edd2527888e1a44d36f3491ee811} on 12 months however down 3.8{c34e2c9cd63a11c97fab811dbaaefe0cfbb1edd2527888e1a44d36f3491ee811} on month, signalling an ongoing financial restoration however suggesting that actions aren’t choosing up evenly throughout sectors. GST collections, after posting above Rs 1-lakh-crore mark for eight months in a row, had dropped beneath Rs 1 lakh crore in June 2021 as a result of second wave of Covid-19.

https://www.financialexpress.com/economic system/gst-daily-e-way-bill-generation-gains-pace/2339124/

Items and Companies Tax: Every day e-way invoice technology good points tempo