Record E-Way Bill Surge in September Signals Festival Season Boost

In September 2024, India’s e-way bill generation hit a record 109 million, an 18% increase from the previous year, signaling a boost in supply chain activity ahead of the festive season. This surge is attributed to increased movement of raw materials and finished goods across sectors. The central and state governments collected ?1.73 trillion in GST in September, a 6.5% increase from the previous year. The rise in e-way bills indicates stronger economic activity and improved GST compliance. Despite mixed economic signals, the outlook for October’s GST revenues remains optimistic, with expectations of further growth in tax revenue and compliance.