Aadhaar authentication for GST registration; failure triggers physical verification and impacts input tax credit and refund processes. The amendment requires Aadhaar authentication for GST registration and, if not completed, mandates physical verification of the principal place of business before grant; verification reports with documents and photographs must be uploaded within fifteen working days. It revises input tax credit rules for capital goods to credit specified amounts to the electronic credit ledger with a five year useful life for calculations, prescribes re crediting of amounts wrongly debited from the electronic credit ledger via the specified payment form, and establishes recovery procedures for refunds paid on exports when export proceeds are not realised.
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Provisions expressly mentioned in the judgment/order text.
Aadhaar authentication for GST registration; failure triggers physical verification and impacts input tax credit and refund processes.
The amendment requires Aadhaar authentication for GST registration and, if not completed, mandates physical verification of the principal place of business before grant; verification reports with documents and photographs must be uploaded within fifteen working days. It revises input tax credit rules for capital goods to credit specified amounts to the electronic credit ledger with a five year useful life for calculations, prescribes re crediting of amounts wrongly debited from the electronic credit ledger via the specified payment form, and establishes recovery procedures for refunds paid on exports when export proceeds are not realised.
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