Court Denies Bail for Sole Proprietor in Ongoing GST Evasion and Fraudulent Input Tax Credit Case.

Court Denies Bail for Sole Proprietor in Ongoing GST Evasion and Fraudulent Input Tax Credit Case. https://www.taxtmi.com/highlights?id=58270 Seeking grant of Bail - fraudulent availment of input tax credit - evasion of GST - The applicant is sole proprietor of his firm and responsible for every act of his firm. Suffice to say prima-facie, the accused has committed an economic offence and caused monetary loss to the State which is most harmful. Investigation is still underway. - This case is not fit for bail to be granted - bail application dismissed. - DSC en-us Sat, 05 Jun 2021 18:03:46 +0530 Sat, 05 Jun 2021 18:03:46 +0530 TaxTMI RSS Generator Court Denies Bail for Sole Proprietor in Ongoing GST Evasion and Fraudulent Input Tax Credit Case. https://www.taxtmi.com/highlights?id=58270 Seeking grant of Bail - fraudulent availment of input tax credit - evasion of GST - The applicant is sole proprietor of his firm and responsible for every act of his firm. Suffice to say prima-facie, the accused has committed an economic offence and caused monetary loss to the State which is most harmful. Investigation is still underway. - This case is not fit for bail to be granted - bail application dismissed. - DSC Highlights GST Sat, 05 Jun 2021 18:03:46 +0530 https://www.taxtmi.com/highlights?id=58270