Is Cash a “Thing” Under GST Section 67(2)? Supreme Court to Decide

Is Cash a Thing Under GST? Supreme Court to Decide: The Supreme Court of India is set to decide on whether cash transactions are subject to GST under Section 67(2) of the Goods and Services Tax Act. This ruling is expected to have significant implications for businesses and individuals involved in cash-based transactions. While cash transactions have been a longstanding part of India's economy, questions around their inclusion under the GST framework have raised concerns among businesses. The court’s decision will provide clarity on whether cash payments need to be reported for GST purposes, helping taxpayers and businesses ensure compliance with the law and avoid unnecessary penalties.