In June, over 100 million e-way bills were generated for the shipment of goods within and across states, indicating strong manufacturing activity. This is the fourth time that e-way bill generation has crossed the 100-million mark. The high e-way bill generation is consistent with buoyant demand conditions and improved freight activity in June, as indicated by the HSBC India manufacturing purchasing managers’ index and Indian Railways’ freight loading. However, auto sales remained sluggish due to heatwave conditions and a delay in monsoon.
Source A2ztaxcorp
Latest Posts in "India"
- CESTAT Rules Preloaded Software Must Be Included in Customs Valuation of Navigation Devices
- GST Council Eases Compliance: Credit Notes No Longer Tied to Invoices, Benefits FMCG Sector
- India’s GST Overhaul: Key Insights on October 2025 Tax Rate Changes and Implications
- FM Sitharaman Confirms GST Rate Cut Implementation on September 22, 2025
- Government Reduces GST Across Sectors, Prices to Drop from September 22, Boosting Consumer Demand