2022 (6) TMI 354

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....arances: Adv. Arjun Amanchi for applicant. SPP Atul Surpande for respondent. ORDER 1. This is second application U/s.439 of Code of Criminal Procedure(hereinafter referred to as "Cr.P.C.) for the grant of bail to the applicant Ubaid Shiraj Shah for the violation of Section 132(1) (b) and (c) r/w. 132(5) of Central Goods and Services Tax Act 2017(hereinafter referred to as CGST Act).. ....

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....d. The total amount of ITC which is fraudulently availed is Rs.5,90,28,310/- and therefore, amount of ITC utilized is Rs.5,90,28,310/-. Under these circumstances, total amount of ITC involved in the commission of the offence is Rs.11,80,56,620/-. 3. Learned Adv.Arjun Amanchi for the applicant argued that applicant is aged about 24 years and recently married. He is arrested on 03/01/2022. Allega....

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....nde opposed the application that there are 27 entities/suppliers, out of them, 14 entities are fake/non-existent. Detailed investigation is in progress. There is chain of passing of ITC involved and investigation to that effect is in progress. If the applicant is released on bail, he may alert those fake suppliers or tamper with the documents. Huge loss is caused to the exchequer. Argument advance....