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2021 (12) TMI 1297 - CITY CIVIL AND SESSIONS COURT, MUMBAISeeking grant of bail - fake issuance of GST invoices without actual supply and receipt of goods - Section 132 of the CGST Act, 2017 - HELD THAT:- It is to be noted that both additional places of business of two recipients of M/s. SRK Ventures i.e., M/s. Wonderkids Metrics Pvt. Ltd., and M/s. Suumaya Retail Ltd., are same therefore, it appears that M/s. Suumaya Retail Ltd and M/s. Wonderkids Metrics Pvt Ltd., are mutually interlinked and it further appears that all the three entities 1) M/s. Rangoli Tradecomm Ltd. (now known as M/s. Suumaya Corporation Ltd.), M/s Suumaya Retail Ltd., and M/s. Wonderkids Metrics Pvt. Ltd., are mutually interlinked and the same has been admitted by the applicant Sushil Dilipkumar Mehta in his voluntary statement and therefore, applicant no.1 with the help of other applicants has created M/s. SRK Ventures and its suppliers as well as the recipients companies are created for name sake for bogus supply without actual movement of goods and all the companies are being operated by the same person and therefore, this is nothing but contravention of section 132(1)(b) of CGST Act, 2017, which is mandatory to show the turnover and same has been initiated by the applicant in the category of (taxable service) in CGST on return for the month of April, 2021. The goods are not entitled for exempted services. This is nothing but huge loss to the Government. This is nothing but while collar crime which needs to be investigated in detail. The investigation is at crucial stage. More than 5000 invoices are included which are used as bogus invoices and needs to be recovered at the instance of applicants. Applicant nos.2 and 3 have supported the applicant no.1 in this conspiracy of evasion of taxes. Considering the seriousness and gravity of the economic offence in which ₹ 48 crores evasion of taxes at the instance of applicants, investigation is at crucial stage, chance to tamper prosecution evidence and flee over justice, it is held that all the applicants does not deserve sympathy for enlargement on bail - Bail application dismissed.
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