Aadhaar authentication required for GST registration; physical verification, re-credit of electronic ledger refunds, and export refund recovery rules introduced. Mandates Aadhaar authentication for GST registration from 1 April 2020 and requires physical verification where authentication fails; updates rules to upload verification reports. Revises input tax credit treatment for capital goods including direct credit to electronic ledger and extension of useful life to five years with rules for computing ineligible credit when categories change. Modifies refund procedures to permit re-crediting refunds to the electronic credit ledger, proportionate cash refunds, revised zero-rated turnover definition, recovery of refunds where export proceeds are not realised, and inserts an undertaking in the refund form.
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Provisions expressly mentioned in the judgment/order text.
Aadhaar authentication required for GST registration; physical verification, re-credit of electronic ledger refunds, and export refund recovery rules introduced.
Mandates Aadhaar authentication for GST registration from 1 April 2020 and requires physical verification where authentication fails; updates rules to upload verification reports. Revises input tax credit treatment for capital goods including direct credit to electronic ledger and extension of useful life to five years with rules for computing ineligible credit when categories change. Modifies refund procedures to permit re-crediting refunds to the electronic credit ledger, proportionate cash refunds, revised zero-rated turnover definition, recovery of refunds where export proceeds are not realised, and inserts an undertaking in the refund form.
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