Blockchain, page-29

Small traders and businessmen continue to transact in cash to avoid paying GST , to stay off the record and more importantly to avoid filing GST returns which is a monthly torture in a totally non cooperating Govt.computer system with daily penalties for non compliance by specified filing date.

Left to themselves they will go full cash, but all the medium and large players have fallen in line and the system integration demands they deal with only GST registered small business men/traders

But where individuals are customers like jewellery shops, small provisions , small eateries /tea shops etc, traders are most happy to take only cash .Already Govt has permitted cash transactions to win the elections in Gujarat.

Very difficult to eliminate cash there , Modi will likely lose in Gujarat in Dec 2017 elections , which means he is going to back off from small guys totally till 2019.Which means cash is going to come back in a big way, good for ATMs transactions increase.
This is bottomline take it or leave it.