NEW DELHI: E-way bills generated by businesses for inter-state commerce in June were up 1.2% on-month and 36.2% on-year, suggesting that July goods and services tax (GST) collections will likely be around
Rs 1.5 trillion.
E-way bills stood at 74.48 million in June 2022, the second-highest since the system was rolled out in 2018.
Gross GST collections have averaged Rs 1.51 trillion in the first quarter of FY23, a feat achieved through stricter enforcement of compliance and rebound in economic activities.
Usually, initial months of a financial year were known for yielding lesser revenues than in the months in the second half of the year.
“The GST collections will continue to be robust. The festival season will start soon and it will continue all the way till December. The last quarter in any case is always the highest in terms of revenue collections,” a senior official said.
