CGST Rules Rule 121 — Recovery of CENVAT credit wrongly availed under the existing law
CGST Rules, 2017 · Recovery of CENVAT credit wrongly availed under the existing law
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Rule 121 of the CGST Rules, 2017 governs Recovery of CENVAT credit wrongly availed under the existing law. It establishes the detailed procedural framework and compliance requirements necessary to implement the corresponding provisions of the CGST Act. Rule 121 CGST: Recovery of CENVAT credit wrongly availed under the — eligibility, conditions, case laws and compliance impact under Indian tax law.
Rule 121. Recovery of credit wrongly availed.- The amount credited under sub-rule (3) of rule 117 may be verified and 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.
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1
Substituted (w.e.f. 01.11.2024) vide Notification No. 20/2024 - CT dated 08.10.2024.