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2023 (2) TMI 586 - HC - GSTSeeking grant of Regular Bail - utilization of bogus Input Tax Credit (ITC) through fake documents - allegation is that that the taxpayer had not done any business at the address provided in the registration certificate - HELD THAT:- It can safely be presumed that the petitioner in connivance with his co-accused-Ashok, had actively participated in making bogus firms i.e. Aqua Traders and R.K. Enterprises, in the names of Ankit and Rahul by preparing fake documents without their consent and knowledge. He had also prepared several other fake firms. He was involved in utilizing bogus ITC through fake documents by floating the firm M/s A.S. Enterprises, on papers only, thereby causing a loss to the Government Exchequer. Needless to say, such type of cheating is rampant in our society and is often adopted by fraudsters and unscrupulous persons by causing loss to the Government Exchequer. This has become a cakewalk to amass wealth illegally over night which needs to be curbed with an iron hand. In the instant case, as already noticed that the "pointing finger of accusation" against the petitioner is "the seriousness of the charge" - the offences alleged are economic offences which have resulted in loss to the Government exchequer. Considering the material on record, gravity and seriousness of the offence, prima facie involvement and complicity of the petitioner, it is opined that this Court do not find any ground to grant concession of regular bail to the petitioner. Petition dismissed.
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