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
Rule 121 GST - Recovery of credit wrongly availed You are here
Chapter 14 Transitional Provisions Rules (Rule 117 to 121)
Last updated at April 16, 2024 by Teachoo
According to Rule 121 of Central Goods and Service Tax Act, 2017 as passed by Lok Sabha :
The amount credited under sub-rule (3) of rule 117 may be verified and proceedings under section 73 or, as the case may be, section 74 shall be initiated in respect of any credit wrongly availed, whether wholly or partly.
