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Experts: SC ruling backs legislation that pushes for cashless economy
Business Standard
|April 17, 2025
Gouri Puri, a partner at law firm Shardul Amarchand Mangaldas & Co, said: "The government has taken several tax and non-tax measures to move towards a cashless economy.
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This includes the digital payments revolution, adverse tax consequences on high-cash payments such as TDS and disallowance of expenses, digitally implemented GST, etc. The Supreme Court's directions show that the judiciary is backing legislation already in force to push for a cashless economy."
This story is from the April 17, 2025 edition of Business Standard.
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