https://www.taxtmi.com/caselaws?id=411766 The High Court (HC) dismissed the bail application of the accused, a Director of a company involved in fraudulent activities related to ineligible Input Tax Credit (ITC) under the Central Goods and Services Tax (CGST) Act. The accused's alleged involvement in transactions with non-existent entities and issuance of invoices without actual supply of goods led to a significant amount of ITC misuse. Despite health and family responsibilities cited, the court denied bail due to the seriousness of the economic offence, ongoing investigation, potential interference, and the need to ensure a fair investigation, aligning with legal precedents. en-us Wed, 01 Sep 2021 00:00:00 +0530 Thu, 27 Mar 2025 11:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=411766 The High Court (HC) dismissed the bail application of the accused, a Director of a company involved in fraudulent activities related to ineligible Input Tax Credit (ITC) under the Central Goods and Services Tax (CGST) Act. The accused's alleged involvement in transactions with non-existent entities and issuance of invoices without actual supply of goods led to a significant amount of ITC misuse. Despite health and family responsibilities cited, the court denied bail due to the seriousness of the economic offence, ongoing investigation, potential interference, and the need to ensure a fair investigation, aligning with legal precedents. Case-Laws GST Wed, 01 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=411766