TaxTMI 
TaxTMI 
TaxTMI 
2021 (3) TMI 1236
X X X X Extracts X X X X
X X X X Extracts X X X X
.... has been heard through video conference) The petitioner, who was arrested and remanded to judicial custody on 04.02.2021 for the offence punishable under Section 132(1) (d) of The Central Goods and Service Tax, 2017, seeks bail. 2. The petitioner is stated to be an Executive Director of one M/s. Saraswathi Udyog India Limited. The said company is engaged in the supply of White Duplex Board. The....
X X X X Extracts X X X X
X X X X Extracts X X X X
....for the petitioner would submit that the company has been submitting returns periodically. In response to the summons, the company had produced all the accounts but without considering the same, the crime has been registered. The company had, in fact, paid a sum of Rs. 5 crores towards input tax which was not at all taken into account by the respondent. The respondent is showing hypothetical volum....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... be directed to discharge his tax liability. 6. The allegation is that the petitioner's company had failed to submit returns and after having collected tax from its customer the company did not remit the tax to the Government. Though the learned counsel for the petitioner submited that already a sum of Rs. 5 crore had been paid as input tax, it was disputed by the respondent. Considering the ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....r, on his release on interim bail, shall appear before the respondent and produce the accounts and details of payment of input tax and on such production, the respondent shall verify the same and file a report before this court on 08.04.2021; (d) the petitioner shall not commit any offences of similar nature; (e) the petitioner shall not abscond either during investigation or trial; (f) the pet....