E-way bills up by 36.2% YoY in June

June 2022 saw 74.48 million e-way bills, the second-highest since 2018

July 11, 2022

The bills were up by 1.2% on a month-on-month in June 2022

The Goods and Service Tax (GST) in July is expected to reach INR 1.5 trillion

The budget estimate for GST was about INR 1.2 trillion for the first quarter of FY23

Monthly gross GST collections rose to INR 1.45 trillion in June

E-way bills generated by businesses for inter-state commerce were up by 1.2% month-on-month in June 2022, and by 36.2% on a year-on-year (YoY) basis. This indicates that the Goods and Service Tax (GST) in July will reach INR 1.5 trillion. 

June 2022 saw 74.48 million e-way bills, the second-highest amount since 2018 when the system was initiated. 

According to senior government officials, GST collections will amount to INR 1.51 trillion compared to the budget estimate of about INR 1.2 trillion for the first quarter of FY23, due to the effective resumption of economic activities. As a result, substantial revenue upsides are expected to be generated for the States.

Monthly gross GST collections amounted to INR 1.45 trillion in June, indicating the better utilisation of trucking capacity.

An increase in consumption has led to a growth in GST revenues. A robust economic recovery would enable the GST collections to be settled at a higher level and demonstrate the tax’s high revenue productivity.

Recent Articles

Google, Adani and Airtel join forces to build India’s largest AI data centre in Vizag

October 15, 2025

Andhra Pradesh aims to host 6 GW of data-centre capacity …

Read More

India’s trade deficit widens to US$28 billion in September amid gold import surge

October 14, 2025

India’s merchandise trade deficit is estimated to have widened to …

Read More

Sugar exports touch 7.75 lakh tonnes; trade body seeks early quota for new season

October 13, 2025

ndia is estimated to have exported 7.75 lakh tonnes of …

Read More