Central Goods and Services Tax Rules, 2017
Chapter XIV - Transitional provisions
Rule 121 - Recovery of credit wrongly availed.
121. Recovery of credit wrongly availed
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,]1 shall be initiated in respect of any credit wrongly availed, whether wholly or partly.
Notes:
1. Substituted (w.e.f. 01-11-2024) vide Notification No. 20/2024 – Central Tax dated 08-10-2024 "proceedings under section 73 or, as the case may be, section 74"
Act
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Central Goods and Services Tax Act, 2017
- Section 73 - Determination of tax, pertaining to the period upto Financial Year 2023 24, not paid or short paid or erroneously refunded or input tax credit wrongly availed or utilised for any reason other than fraud or any willful-misstatement or suppression of facts
- Section 74 - Determination of tax, pertaining to the period up to Financial Year 2023 24, not paid or short paid or erroneously refunded or input tax credit wrongly availed or utilised by reason of fraud or any willful-misstatement or suppression of facts
Rules
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Central Goods and Services Tax Rules, 2017
