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2024 (4) TMI 294 - HC - GSTSeeking grant of Regular bail - claiming of ineligible tax credit - applicability of Section 132 (1)(c) of the Gujarat Central Goods and Service Tax Act, 2017 - HELD THAT:- The role attributed to the present applicant is to the effect that present applicant has availed ineligible input tax credit of Rs. 07.45 Crores on the basis of purchases made from six registered entities, which according to the revenue are found to be non-existing. This Court has also considered punishment prescribed for the offence in question and also considered the fact that the applicant is in custody since 02.02.2024. In the facts and circumstances of the case and considering the nature of the allegations made against the applicant in the FIR, without discussing the evidence in detail, prima facie, this Court is of the opinion that this is a fit case to exercise the discretion and enlarge the applicant on regular bail. The applicant is ordered to be released on regular bail on executing a personal bond of Rs. 10,000/- with one surety of the like amount to the satisfaction of the trial Court and subject to the conditions imposed - the present application is allowed.
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