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Nature-dependent electricity contracts receive new Ind AS accounting, hedge designation, transition and financial-statement disclosure requirements fr...
Alternative GST remedy permitted protective writ intervention for ex parte adjudication, preserving independent appellate review of input tax credit d...
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Residential waste collection classification under SAC 999423 defeats composite-supply exemption where facilitating goods are not transferred to the lo...
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The DSC rejected the bail application of the accused proprietor of M/S New Global Scrap Traders, charged under Sections 132(1)(b), 132(1)(c), and 132(1)(i) of the CGST Act, 2017, for fraudulent availing and utilization of input tax credit amounting to Rs. 23,47,68,801/- through fake invoices without actual supply of goods. The court found no violation of fundamental rights under Article 22(1) and (2). Given the gravity of the offence, evidence of issuance of bogus invoices, and risk of evidence tampering, witness influence, and flight, the accused was deemed unfit for bail at this stage. The prosecution's case demonstrated substantial material indicating deliberate tax evasion and fraud, justifying continued custodial detention to safeguard the investigation and public interest.
The DSC rejected the bail application of the accused proprietor of M/S New Global Scrap Traders, charged under Sections 132(1)(b), 132(1)(c), and 132(1)(i) of the CGST Act, 2017, for fraudulent availing and utilization of input tax credit amounting to Rs. 23,47,68,801/- through fake invoices without actual supply of goods. The court found no violation of fundamental rights under Article 22(1) and (2). Given the gravity of the offence, evidence of issuance of bogus invoices, and risk of evidence tampering, witness influence, and flight, the accused was deemed unfit for bail at this stage. The prosecution's case demonstrated substantial material indicating deliberate tax evasion and fraud, justifying continued custodial detention to safeguard the investigation and public interest.
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