https://www.taxtmi.com/caselaws?id=413201 Bail was refused in a GST fraud case involving alleged bogus input tax credit through fake and non-existent firms. The Court treated the allegations as a serious economic offence of substantial magnitude, noting fictitious transactions, fake invoices, and wrongful availment and passing on of input tax credit causing loss to the State exchequer. It also relied on the fact that investigation was still ongoing and the material collected so far indicated active involvement, creating a risk of interference with the inquiry. On that basis, the gravity of the alleged offence and the continuing investigation weighed against release under Section 439 of the Code of Criminal Procedure, 1973. en-us Wed, 22 Sep 2021 00:00:00 +0530 Thu, 27 Mar 2025 15:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413201 Bail was refused in a GST fraud case involving alleged bogus input tax credit through fake and non-existent firms. The Court treated the allegations as a serious economic offence of substantial magnitude, noting fictitious transactions, fake invoices, and wrongful availment and passing on of input tax credit causing loss to the State exchequer. It also relied on the fact that investigation was still ongoing and the material collected so far indicated active involvement, creating a risk of interference with the inquiry. On that basis, the gravity of the alleged offence and the continuing investigation weighed against release under Section 439 of the Code of Criminal Procedure, 1973. Case-Laws GST Wed, 22 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413201