https://www.taxtmi.com/notifications?id=133226 Aadhaar authentication is mandated for GST registration from 01.04.2020; failure to authenticate triggers physical verification of the principal place of business within sixty days and upload of the verification report in FORM GST REG-30. Capital goods useful life is fixed at five years and specified input tax on capital goods ('A') is credited to the electronic credit ledger with transitional adjustments and declaration in FORM GSTR-3B. Refund and audit procedures are amended to require audits for larger turnover, permit re-crediting of refunds to electronic credit ledger via FORM GST PMT-03 and FORM RFD-06, revise zero-rated turnover definition, and introduce rule 96B for recovery of refunds where export proceeds are not realised under FEMA. en-us Wed, 20 May 2020 00:00:00 +0530 Fri, 19 Jun 2020 12:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=133226 Aadhaar authentication is mandated for GST registration from 01.04.2020; failure to authenticate triggers physical verification of the principal place of business within sixty days and upload of the verification report in FORM GST REG-30. Capital goods useful life is fixed at five years and specified input tax on capital goods ('A') is credited to the electronic credit ledger with transitional adjustments and declaration in FORM GSTR-3B. Refund and audit procedures are amended to require audits for larger turnover, permit re-crediting of refunds to electronic credit ledger via FORM GST PMT-03 and FORM RFD-06, revise zero-rated turnover definition, and introduce rule 96B for recovery of refunds where export proceeds are not realised under FEMA. Notifications GST - States Wed, 20 May 2020 00:00:00 +0530 https://www.taxtmi.com/notifications?id=133226