Chapter 14 Transitional Provisions Rules (Rule 117 to 121)
Rule 118 GST - Declaration to be made under clause (c) of sub-section (11) of section 142
Rule 119 GST - Declaration of stock held by a principal and job-worker
Rule 120 GST - Details of goods sent on approval basis You are here
Rule 121 GST - Recovery of credit wrongly availed
Chapter 14 Transitional Provisions Rules (Rule 117 to 121)
Last updated at April 16, 2024 by Teachoo
According to Rule 120 of Central Goods and Service Tax Act, 2017 as passed by Lok Sabha :
Every person having sent goods on approval under the existing law and to whom sub-section (12) of section 142 applies shall, within ninety days of the appointed day, submit details of such goods sent on approval in FORM GST TRAN-1.
