The amount credited under sub-rule (3) of rule 117 may be verified and 4[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.
Chapter XV Anti-Profiteering 5[122.]
1 These words were substituted for the words and figures “ninety days of the appointed day” by Notification No. MGST- 1017/C.R.178/Taxation-1, (Notification No.36/2017, Eighth Amendment-2017), dated 7% October, 2017, (w.e.f. 29% September, 2017).
2 This rule was inserted by Notification No. MGST-1017/C.R.166/Taxation-1, (Notification No. 34/2017, Seventh Amendment-2017), dated 215t September, 2017, (w.e.f. 19t% September, 2017).
3 This marginal heading was inserted by Notification No. MGST-1017/C.R.178/Taxation-1, (Notification No. 36/2017, Eighth Amendment-2017), dated 7+ October, 2017, (w.e.f. 20t September, 2017).
# These words and figures were substituted for the words and figures “proceedings under section 73 or, as the case may be, section 74", by Notification No. MGST.1024/C.R.44/Taxation-1 (Notification No. 20/2024, Second Amendment, 2024), dated 5% November, 2024, (w.e.f. 1=t November, 2024).
S This rule was substituted by Notification No. MGST-1017/C.R.148/Taxation-1, (Notification No.25/2017, Sixth Amendment-2017), dated 30* August, 2017, (w.e.f. 1% July 2017). Prior to substitution this rule read as under:- “122. Constitution of the Authority:-The Authority shall consist of,- 257 1[Omitted] 2[123. Constitution of the Standing Committee and Screening Committee.- The constitution of the Standing Committee and Screening Committee shall be in accordance with the provisions of rule 123 of the Central Goods and Services Tax Rules, 2017.]
3[124.]
(a) aChairman who holds or has held a post equivalent in rank to a Secretary to the Government of India;
and
(b) four Technical Members who are or have been Commissioners of State tax or central tax or have held an equivalent post under the existing law, to be nominated by the Council.” * This rule was Omitted vide Notification No. 24/2022-State Tax, dated 03.01.2023, w.e.f. 01.12.2022; earlier read as: