CGST Rule 121 of Central Goods and Services Tax Rules, 2017 – Recovery of credit wrongly availed

The Central Goods and Services Tax Act, 2017

The Central Goods and Services Tax Rules, 2017

Chapter-XIV Transitional Provisions

Rule 121: Recovery of credit wrongly availed.

121. The amount credited under sub-rule (3) of rule 117 may be verified and ¹[proceedings under section 73 or section 74 or section 74A, as the case may be,] shall be initiated in respect of any credit wrongly availed, whether wholly or partly.

References

Enforcement:

Enforced w.e.f. July 01, 2017 [Notification No. G.S.R. 663(E) dated 28.06.2017].

Amendments:

1. Substituted by Central Goods and Services Tax (Second Amendment) Rules, 2024 vide Notification No. 20/2024-Central Tax dated 8th October, 2024, w.e.f. 01.11.2024, for the words: “proceedings under section 73 or, as the case may be, section 74”.