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2020 (12) TMI 57 - DSC - GSTGrant of Bail - illegal input tax credit - issuance of fake invoices without supplying of goods - creation of bogus firms - Section 132 of GST Act - HELD THAT:- The contention of the applicant that there is nothing on record to show that he had received any kind of benefit from the alleged bogus firms is not sustainable for the simple reason that investigation is at initial stage and even then the investigation team has recovered fake transport-bilty books and the diary having cash entries in his hand writing - Admittedly, the offence alleged against the accused falls within the ambit of economic offence. The investigation is still pending and same is at initial stage. In this circumstances, this Court is of the opinion that granting concession of bail to the accused will prejudice the fair investigation. Further, the authorities relied on by the applicant are not squarely applicable to the facts in hand. Application dismissed.
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