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2022 (5) TMI 1234 - DSC - GSTSeeking grant of Bail - input tax credit - non-existent suppliers - non receipt of goods - cognizable and non-bailable or not - offence punishable under Section 132(1)(b)(c) (i)(3)(5) of the CGST Act, 2017 - HELD THAT:- The applicant-accused was arrested on 16.02.2022. The investigation is at a nascent stage. Allegedly, the accused availed input tax credit by creating fake bills and during the transaction no goods were actually supplied. When the chain of suppliers were explored, most of the premises were found either closed or their GST registration cancelled. The accused has no material to show physical movement of goods. As per the complaint, the applicant-accused was the proprietor and the master mind of the alleged crime. It was him who had orchestrated the crime to camouflage the fraud into the nexus of trusted accomplices who acted as suppliers. Considering the gravity of the alleged offence, severity of the punishment provided for the alleged offence and the aforesaid reasons, this Court is of the opinion that the applicant-accused Saurabh Srivastava is not entitled to bail at this stage - Bail application dismissed.
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