Rule 121 of CGST Rules - Recovery of credit wrongly availed

Last Updated: 01-07-2017

121. Recovery of credit wrongly availed.[1]

The amount credited under sub-rule (3) of rule 117 may be verified and [2][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.

[1] This Rule was inserted by CGST(2^nd A)R, 2017 vide N No. 10/2017-CT dt. 28-06-2017 wef 01-07-2017.

[2] Substituted for words “proceedings under section 73 or, as the case may be, section 74” by Rule 12 of The CGST(2^nd A)R, 2024 vide N No. 20/2024-CT dt. 08-10-2024 wef 01-11-2024.

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Rule 121 of CGST Rules - Recovery of credit wrongly availed