2021 (8) TMI 1123

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....nection with GST Case No. CGST/DGGI/GST/1928/2021, under Section 132 of Central Goods and Service Act, 2017. [3] Perused the record of the case produced before this Court. [4] The accusations against the present petitioner, as revealed from the materials placed before this Court, is that he is involved in generation of invoices without actual supply of goods. The petitioner has been operating under the trade name, M/s Maruti Traders, bearing GSTIN No. 18AKGPK7676Q1Z4. He has been engaged in fraudulent practices of availing as well as passing on Input Tax Credit (ITC) accumulated through issuance of fake Goods and Service Tax (GST) invoices and corroborating the same through issuance of E-way bills without actual supply of goods. The d....

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....te, w.e.f. 19.07.2021, and therefore, his further custodial detention is absolutely not necessary in the interest of investigation of the case. [7] Mr. Keyal, learned Standing Counsel, CGST has objected to the prayer for bail on the grounds that the investigation is still on and some vital clues have been collected requiring further detail investigation into the matter, involved in this case. He has further submitted that this is a huge economic offence committed against the State by the petitioner evading GST to the tune of Rs. 28,97,85,917/- by availing irregular ITC. Mr. Keyal has further submitted that this is not a simple case of falsification of accounts of M/s Maruti Traders, rather, it is a case of preparation of fake invoices, i....

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....eyal, that considering the huge amount of alleged tax evasion, involvement of a chain of persons and a huge number of documents/papers, to enable the concerned authority to conduct a thoroughly detail investigation, prayer for bail be rejected. [11] The Hon'ble Supreme Court, in the case of Y.S. Jagan Mohan Reddy -vs- Central Bureau of Investigation, reported in (2013) 7 SCC 439, held as follows:- "34. Economic offences constitute a class apart and need to be visited with a different approach in the matter of bail. The economic offence having deep rooted conspiracies and involving huge loss of public funds needs to be viewed seriously and considered as grave offences affecting the economy of the country as a whole and thereby po....