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2024 (2) TMI 798 - PUNJAB AND HARYANA HIGH COURTSeeking grant of regular bail - Availing irregular ITC - floating seven bogus firms - got GST registrations and opened bank accounts of these firms by using forged and fabricated documents - fraudulently issued invoices without actual movement of goods to avail and pass input tax credit (ITC) for utilization in payment of GST - HELD THAT:- There is no dispute that under Section 132 of the CGST Act maximum punishment prescribed is five years and petitioner has already remained in custody for more than 23 months. He was granted interim bail on 22.11.2023 and regularly appearing before the Court below. There is no allegation that in case petitioner is granted bail pending trial, he will misuse the concession in any manner; thus, in such a scenario, sending him in custody at this stage would not serve any purpose. Interim bail granted to the petitioner, vide order dated 22.11.2023, is made absolute. He shall be admitted to bail on his furnishing bail/surety bonds to the satisfaction of learned trial Court/Chief Judicial Magistrate/Duty Magistrate concerned - Petition allowed.
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