Rule 121 of CGST Rules -Recovery of credit wrongly availed

(updated as on 15.11.2017)

The amount credited under sub-rule (3) of rule117 may be verified and proceedings under section 73 or, as the case may be, section 74shall be initiated in respect of any credit wrongly availed, whether wholly or partly.

CHAPTER XIV

TRANSITIONAL PROVISIONS

Chapter XIVof CGST Rules,2017 consists of six rules relating to Transitional provision rulesunder the GST regime. All this rules are available for your ready reference.
Rule 117 :Tax or duty credit carried forward under any existing law or on goods held instock on the appointed day
Rule 118 :Declaration to be made under clause (c) of sub-section (11) of section 142
Rule 119 :Declaration of stock held by a principal and job-worker
Rule 120 :Details of goods sent on approval basis
Rule 120A :Revision of declaration in FORM GST TRAN-1
Rule 121 :Recovery of credit wrongly availed