GST DAILY – 452 : Cash and silver bars cannot be seized during GST search as they merely represent unaccounted wealth: HC

THE HON’BLE DELHI HIGH COURT IN THE CASE OF Nand Kishore Gupta V/s Additional Director General, decided on 17-12-2024

 👉 Issue:-

✔️ Can Cash and silver bars be seized during GST search?

👉 The Hon’ble High Court Judgement:-

✔️ Cash and silver bars cannot be seized during search operation under section 67 as they merely represent unaccounted wealth; though proper officer can seize currency and other valuable assets in exercise of powers under section 67, same are required to be returned particularly when notice issued subsequently did not rely upon same.

✔️ Cash (Indian currency) is explicitly excluded from definition of ‘goods’; it is covered by definition of money.

Section 67, read with Section 2(52) & Section 2(75) of Central Goods and Services Tax Act, 2017