E-way bill generation, which is related to paying goods and services tax (GST) and a key high-frequency indicator of economic activity, may have fallen to a five-month low in April as more cities experience lockdowns due to a surge in Covid-19 cases. In April e-way bill generation may decline to 55-58 million, which is the lowest since at least November.
On the higher side, it is a 17 per cent decline over March. E-way bill generation in April will reflect in the GST numbers of May, which, experts say, could see a fall of close to 20 per cent. According to the data by the GST Network ...
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