Second Covid-19 wave: Daily e-way bill generation falls to one-year low

Fewer e-way bills have been generated in May so far, with the daily average falling to a one-year low, indicating a sharp slowdown in economic activity owing to the intense second wave of Covid-19. According to the data by  Goods and Services Tax  Network (GSTN), the IT backbone of the unified indirect tax regime, 19.4 million e-way bills have been generated on its portal till May 16. Th…