https://www.taxtmi.com/caselaws?id=451306 The Allahabad HC rejected bail applications in a GST fraud case involving fake input tax credit claims worth Rs. 274.89 crores through 102 non-existent firms. The accused operated fake GST firms and issued fraudulent invoices without actual goods supply. The court found sufficient evidence of the applicants' direct involvement in managing illegal activities and fake ITC availment. Considering the serious economic nature of the offense, potential flight risk, evidence tampering concerns, and the substantial amount involved (Rs. 315 crores), the HC upheld the Sessions Court's bail rejection, emphasizing the gravity of economic offenses affecting the country's economy. en-us Fri, 15 Mar 2024 00:00:00 +0530 Mon, 28 Apr 2025 13:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=451306 The Allahabad HC rejected bail applications in a GST fraud case involving fake input tax credit claims worth Rs. 274.89 crores through 102 non-existent firms. The accused operated fake GST firms and issued fraudulent invoices without actual goods supply. The court found sufficient evidence of the applicants' direct involvement in managing illegal activities and fake ITC availment. Considering the serious economic nature of the offense, potential flight risk, evidence tampering concerns, and the substantial amount involved (Rs. 315 crores), the HC upheld the Sessions Court's bail rejection, emphasizing the gravity of economic offenses affecting the country's economy. Case-Laws GST Fri, 15 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=451306