Aadhaar authentication for GST registration required; failure triggers physical verification and procedural changes for credit and refunds. The amendment requires Aadhaar authentication for GST registration and mandates physical verification where authentication is not completed, with reports uploaded in FORM GST REG-30. It fixes useful life of certain capital goods at five years for input tax credit credited to the electronic credit ledger and prescribes adjustment mechanics when classifications change. Refund procedures allow re-crediting of amounts debited from the electronic credit ledger via FORM GST PMT-03 and sanctioning via FORM RFD-06. A recovery regime is introduced for refunds on exports when sale proceeds are not realised, subject to central bank waiver.
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Provisions expressly mentioned in the judgment/order text.
Aadhaar authentication for GST registration required; failure triggers physical verification and procedural changes for credit and refunds.
The amendment requires Aadhaar authentication for GST registration and mandates physical verification where authentication is not completed, with reports uploaded in FORM GST REG-30. It fixes useful life of certain capital goods at five years for input tax credit credited to the electronic credit ledger and prescribes adjustment mechanics when classifications change. Refund procedures allow re-crediting of amounts debited from the electronic credit ledger via FORM GST PMT-03 and sanctioning via FORM RFD-06. A recovery regime is introduced for refunds on exports when sale proceeds are not realised, subject to central bank waiver.
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