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2019 (12) TMI 1320 - HC - GSTGrant of Bail - offence under section 132(1)(b)(c)(1) of the GST Act - Evasion of GST - HELD THAT - Keeping in view the magnitude of the economic offence said to have been committed by the petitioner and others causing huge loss to the State exchequer, posing grave threat to the new regime of GST aimed to achieve rapid growth in trade and commerce in the country, at this stage when the investigation of the case is in progress and many more facts in relation to the commission of such well planned and designed to economic offence with all the expertise are likely to be unearthed; this is not a fit case for grant of bail to the petitioner. Petition dismissed.
The High Court of Orissa dismissed the bail application of the petitioner in connection with an alleged economic offence under section 132(1)(b)(c)(1) of the OGS Act. The offense caused a huge loss to the State exchequer and posed a grave threat to the GST regime. The court found it not a fit case for bail due to ongoing investigation and the likelihood of more facts being uncovered.
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