August records all-time high e-way bill generation, indicating festival demand surge and GST growth

E-way bill generation touched an all-time high in August at 9.34 crore, data from GSTN (IT backbone of the indirect tax system) showed. The previous high was 9.09 crore in March this year. Though GSTN has not mentioned reasons for record generation, companies are dispatching higher volumes to meet festive demands. Also, the rising number of registered taxpayers and better compliance lead to higher…