Aadhaar authentication for GST registration; failed authentication triggers compulsory physical verification and portal reporting. The amendment mandates Aadhaar authentication for GST registration from 1 April 2020, with failure to authenticate triggering compulsory physical verification of the principal place of business within sixty days and uploading of verification reports in FORM GST REG-30. It reorganises input tax credit treatment for capital goods by fixing a five-year useful life, adjusts common credit computations when categories change, permits re-crediting to the electronic credit ledger via FORM GST PMT-03 for certain refunds, and establishes recovery procedures for refunds where export proceeds are not realised under FEMA timelines.
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Provisions expressly mentioned in the judgment/order text.
Aadhaar authentication for GST registration; failed authentication triggers compulsory physical verification and portal reporting.
The amendment mandates Aadhaar authentication for GST registration from 1 April 2020, with failure to authenticate triggering compulsory physical verification of the principal place of business within sixty days and uploading of verification reports in FORM GST REG-30. It reorganises input tax credit treatment for capital goods by fixing a five-year useful life, adjusts common credit computations when categories change, permits re-crediting to the electronic credit ledger via FORM GST PMT-03 for certain refunds, and establishes recovery procedures for refunds where export proceeds are not realised under FEMA timelines.
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