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2021 (9) TMI 574 - SESSIONS COURT FOR GREATER BOMBAYSeeking grant of Bail - fraudulent availment of input tax credit - respondent has never served notice upon the applicant - offence punishable u/s 132 (1) (I) of the Central Goods and Service Tax Act, 2017 - HELD THAT:- On perusal of the reply filed by the prosecution, it would reveal that the prosecution has come with the contention that the applicant was the partner of firm namely M/s. Agrim Impex. It is claimed that said firm had availed inadmissible Input Tax Credit on the basis of invoices issued by M/s. Advanced computers and Mobiles India Pvt. Ltd. and in turn have issued fake GST invoices without accompanying goods so as to enable the recipients to avail inadmissible Input Tax Credit to the tune of ₹ 33.92 Crores. Admittedly in this case, the prosecution has alleged that the has fraudulently availed Input Tax Credit amounting to ₹ 33.92 Crores. Therefore, it can be said that there are allegations against the applicant about commission of economic offence - bail cannot be allowed - Application dismissed.
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