Aadhaar authentication for GST registration triggers physical verification if unauthenticated; refund recrediting and export proceeds recovery mechanisms follow. Applicants for GST registration must undergo Aadhaar authentication from April 1, 2020; failure (except exempted categories) triggers mandatory physical verification of the principal place of business in the presence of the applicant, reportable in FORM GST REG-30. Capital goods useful life is fixed at five years for credit purposes and input tax on specified capital goods is credited to the electronic credit ledger with transitional adjustments where classification changes. Refund procedures are amended to allow recredit to the electronic credit ledger via FORM GST PMT-03 and recovery of refunds where export proceeds are not realised under FEMA, subject to RBI exceptions.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Aadhaar authentication for GST registration triggers physical verification if unauthenticated; refund recrediting and export proceeds recovery mechanisms follow.
Applicants for GST registration must undergo Aadhaar authentication from April 1, 2020; failure (except exempted categories) triggers mandatory physical verification of the principal place of business in the presence of the applicant, reportable in FORM GST REG-30. Capital goods useful life is fixed at five years for credit purposes and input tax on specified capital goods is credited to the electronic credit ledger with transitional adjustments where classification changes. Refund procedures are amended to allow recredit to the electronic credit ledger via FORM GST PMT-03 and recovery of refunds where export proceeds are not realised under FEMA, subject to RBI exceptions.
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