https://www.taxtmi.com/caselaws?id=462536 Fraudulent availing or passing on of input tax credit through fake invoices and non-existent firms can attract prosecution under Section 132 of the CGST Act, 2017. On the facts noted, the investigation materials, statements and account records prima facie showed creation of bogus supplier entities, issuance of invoices without supply of goods, wrongful ITC availment, and onward passing of credit to beneficiary firms. The court treated this as a serious economic offence and applied a stricter approach at the bail stage. Bail was declined because the allegations disclosed a prima facie offence under the penal provision and did not justify release. en-us Thu, 12 Sep 2024 00:00:00 +0530 Sat, 28 Jun 2025 14:55:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=462536 Fraudulent availing or passing on of input tax credit through fake invoices and non-existent firms can attract prosecution under Section 132 of the CGST Act, 2017. On the facts noted, the investigation materials, statements and account records prima facie showed creation of bogus supplier entities, issuance of invoices without supply of goods, wrongful ITC availment, and onward passing of credit to beneficiary firms. The court treated this as a serious economic offence and applied a stricter approach at the bail stage. Bail was declined because the allegations disclosed a prima facie offence under the penal provision and did not justify release. Case-Laws GST Thu, 12 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=462536