Key Pointers –

• In October, E-way bills, electronic permits for goods transport, hit a record Rs 10.3 crore, driven by festive demand and better compliance, which are expected to further boost the collection of goods and services tax (GST) in November.
• E-way bills are mandatory for the movement of consignments worth more than Rs 50,000, serve as an early gauge of economic demand and supply. Their impact on macroeconomic indicators becomes evident with a time lag.
• According to the GST Network, e-way bills worth Rs 6.29 crore were generated in October for goods shipped within states and Rs 3.73 crore for inter-state shipments.
• Gunjan Prabhakaran, partner & leader, Indirect Tax, BDO India, said Purchases made by the people and the replenishment of stocks by brands in the supply chain to meet the anticipated Diwali demand was a reason for the increase in e-way bill generation. She also listed increased scrutiny by revenue authorities and better compliance by taxpayers among the reasons.

https://www.business-standard.com/economy/news/october-e-way-bill-generation-hits-all-time-high-at-rs-10-3-crore-123110700284_1.html