Text
The text below is the rule as served by the CBIC tax information portal on 17 September 2026, with the portal's own amendment footnote markers (shown as small numerals before a bracket) and its footnotes.[1] The Rules as published in the Gazette of India is the legal source.
Rule 121, verbatim (show)
Rule 121
Rule 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,] shall be initiated in respect of any credit wrongly availed, whether wholly or partly.
1. Substituted (w.e.f. 01.11.2024) vide Notification No. 20/2024 - CT dated 08.10.2024.
Questions to answer on the file
Questions a reviewer answers from the engagement file, grouped by the part of the rule they come from. They describe what the rule asks; they do not decide it.
Verification of credited transitional amount 121
Questions to answer on the file2 questions
Proceedings for credit wrongly availed 121
Questions to answer on the file5 questions
Amendment history
The CBIC text carries 1 footnote. The table gives each in the source's own terms. Effective dates are as the footnotes state them.[1]
| Note | Change |
|---|---|
| 1 | Substituted (w.e.f. 01.11.2024) vide Notification No. 20/2024 - CT dated 08.10.2024.[2] |
Relationship with other provisions
| Provision | Connection | Words that tie them |
|---|---|---|
| Rule 117 | this provision requires Rule 117 | 121 "sub-rule (3) of rule 117" |
| Section 73 of the CGST Act, 2017 | this provision requires Section 73 of the CGST Act, 2017 | 121 "proceedings under section 73 or section 74 or section 74A, as the case may be," |
| Section 74 of the CGST Act, 2017 | this provision requires Section 74 of the CGST Act, 2017 | 121 "proceedings under section 73 or section 74 or section 74A, as the case may be," |
| Section 74A of the CGST Act, 2017 | this provision requires Section 74A of the CGST Act, 2017 | 121 "proceedings under section 73 or section 74 or section 74A, as the case may be," |
Circulars and notifications
Circulars and notifications in the CBIC repository that cite this rule, newest first, by number, date and subject. A listing here does not say what an instrument decides; read the instrument.
Circulars (1)
| Number | Date | Subject |
|---|---|---|
| Circular No. 238/32/2024-GST | 15 October 2024 | Clarification of various doubts related to Section 128A of the CGST Act, 2017. amended by a later instrument |
Notifications (1)
| Number | Date | Subject |
|---|---|---|
| Notification No. 20/2024-Central Tax | 8 October 2024 | Seeks to make amendments (Second Amendment 2024) to the CGST Rules, 2017 |
See also
- Rule 117 of the CGST Rules, 2017: tax or duty credit carried forward under any existing law or on goods held in stock on the appointed day
- Section 73 of the CGST Act, 2017: determination of tax 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 of the CGST Act, 2017: determination of tax 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
- Section 74A of the CGST Act, 2017: determination of tax not paid or short paid or erroneously refunded or input tax credit wrongly availed or utilised for any reason pertaining to Financial Year 2024-25 onward
References
- Central Board of Indirect Taxes and Customs. "Rule 121. Recovery of credit wrongly availed". Central Goods and Services Tax Rules, 2017, CBIC tax information portal, with amendment footnotes 1 to 1. Retrieved 17 September 2026.
- Notification No. 20/2024-Central Tax, dated 8 October 2024: Seeks to make amendments (Second Amendment 2024) to the CGST Rules, 2017. Cited in CBIC footnote 1.
External links
- CGST Rules, 2017, Rule 121 on the CBIC tax information portal