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2021 (5) TMI 226 - DSC - GSTBail application - issuance of bogus invoices without actually transferring the physical goods - prosecution under section 132(5) of CGST Act, 2017 - HELD THAT:- This court is of considered view that the present accused does not deserves to be released on bail. This is a economic fraud going to the root of the economy as this Court does not see any justifiable ground for grant of bail. It is settled preposition of law that economic offences in itself are considered to be gravest offence against the society at large and hence are required to be treated differently in the matter of bail. It seems that the entire community would aggrieved if the economic offenders who ruin the economy of the State are not brought to book as such offences affects the very fabric of democratic governance and probity in public life. Further if a murder committed in the heat of moment upon passing being aroused, the economic offence is supposed to be committed with cool calculation and deliberately with an eye on personal profit regardless of the consequence of the community. A disregard for the interest of the community can be manifested only at the cost of forfeiting the trust and faith of the community in the system to administer justice in an even handed manner without fear of criticism from the quarters which view white collar crimes with a permissive eye unmindful of the damage done to the national economy and national interest. The bail application moved by applicant/accused Anil Kumar Jain stands dismissed - Papers be tagged with the main case file.
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