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2021 (6) TMI 158 - DSC - GSTSeeking grant of Bail - fraudulent availment of input tax credit - evasion of duty - cognizable and non-bailable offence - HELD THAT:- During his statement recorded by the DGGI, GRU, Ghaziabad the applicant admitted he has irregularly availed the input tax of ₹ 1.30 Crore and assured the officers he will deposit the entire dues of G.S.T. but due to financial conditions he is unable to pay the same. The applicant also stated in his statement that for the purpose of purchase he is not in direct touch with the suppliers and even not know the proprietors of the firms. The applicant about total ITC of ₹ 8,52,43,881/availed by him, did not explain properly and reply satisfactorily. The applicant is sole proprietor of his firm and responsible for every act of his firm. Suffice to say prima-facie, the accused has committed an economic offence and caused monetary loss to the State which is most harmful. Investigation is still underway. This case is not fit for bail to be granted - bail application dismissed.
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