Physical delivery of currency and commodity deriviates

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....hysical delivery of currency and commodity deriviates<br> Query (Issue) Started By: - CHINTAPALLI MANIKANTA Dated:- 23-10-2025 Last Reply Date:- 23-10-2025 Goods and Services Tax - GST<br>Got 2 Replies<br>GST<br>https://cbic-gst.gov.in/sectoral-faq.html Faq no 36 and 37 It says physical delivery of commodity and currency derivatives are supply of goods&nbsp; Commodity is not covered in security....

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.... and money definition and is movable- so it is goods But Indian legal tender and foreign currency are covered in money definition then how physical delivery of currency derivative is supply of goods? I read cms info systems - cash carry van advance ruling They argued they are transporting money Not used as consideration to settle an obligation or Not converting from one denomination to anothe....

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....r denomination in indian legal tender so money is goods for them Ca&nbsp; we apply same logic here?&nbsp; One more doubt in money definition&nbsp; It says one denomination to another denomination of India legal tender&nbsp; Inr to inr, forex to inr Then what about one denomination to another denomination of foreign currently Inr to forex Reply By Shilpi Jain: The Reply: Agree that if its a....

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.... contract of underlying commodities then it could be supply. Not for currencies. Reply By Sadanand Bulbule: The Reply: Also refer Section 2(52) and Section 2(102) of the CGST Act which excludes " money (currency)" from the definition of goods/services respectively.<br> Discussion Forum - Knowledge Sharing ....