https://www.taxtmi.com/notifications?id=132809 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. en-us Wed, 06 May 2020 00:00:00 +0530 Sat, 09 May 2020 11:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=132809 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. Notifications GST - States Wed, 06 May 2020 00:00:00 +0530 https://www.taxtmi.com/notifications?id=132809