GST e-way bill data aids economic forecasting beyond tax compliance

Bengaluru, Oct 12 (UNI) GST e-way bill data, primarily used to track the movement of goods, is also serving as a high-frequency input for economic forecasting and nowcasting by the Reserve Bank of India (RBI) and statistical authorities, highlighting the expanding role of tax administration data in assessing economic activity. K Balasubramanian, Joint Secretary in the Department of Revenue, said the data supported logistics-related decision-making and had wider economic applications, explaining why the government was examining the e-way bill mechanism as part of the broader GST reform process. Addressing an interactive session on "The GST Reset-What the 57th Council Means…