https://www.taxtmi.com/caselaws?id=421869 Delhi HC quashed the cancellation of bail where the accused was required to deposit Rs.2.70 crores as a bail condition. The accused deposited part amount in cash and adjusted Rs.1.60 crores through input tax credit (ITC) from electronic ledger. The respondent argued this violated the deposit condition, but the court held that Section 49 of GST Act permits utilizing ITC from electronic ledger for tax payments. Since the accused had Rs.260 crores ITC credit with only Rs.42 crores under investigation as fraudulent, the partial adjustment was legally permissible and satisfied the bail condition. en-us Fri, 29 Apr 2022 00:00:00 +0530 Thu, 03 Apr 2025 12:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421869 Delhi HC quashed the cancellation of bail where the accused was required to deposit Rs.2.70 crores as a bail condition. The accused deposited part amount in cash and adjusted Rs.1.60 crores through input tax credit (ITC) from electronic ledger. The respondent argued this violated the deposit condition, but the court held that Section 49 of GST Act permits utilizing ITC from electronic ledger for tax payments. Since the accused had Rs.260 crores ITC credit with only Rs.42 crores under investigation as fraudulent, the partial adjustment was legally permissible and satisfied the bail condition. Case-Laws GST Fri, 29 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421869