2022 (2) TMI 1411

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....on bail in a case in Complaint No.332 dated 27.09.2021 under Section 132 of the Central Goods and Services Tax Act, 2017 read with Section 132 of Union Territory Goods and Services Tax Act, 2017 read with Section 132 of State(s) Goods and Services Tax Act, 2017 and Section 20 of Integrated Goods and Services Tax Act, 2017. Learned counsel for the petitioner has submitted that the petitioner has been falsely implicated in the present case and the petitioner is in custody since 25.07.2021. He submitted that as per the prosecution, they had collected some documents which had revealed that 6 entities registered as traders have passed on inadmissible Input Tax Credit (ITC) to the tune of approximately Rs.128.82 crores and that the petitioner wa....

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....as revealed that there were four more entities being operated by the present petitioner in a similar manner and therefore, the petitioner was actively involved in 6 entities and has indulged in passing on the benefit of ITC without any supply of goods by issuing bogus/goodless invoices. Thereafter searches were conducted at registered premises belonging to these companies and it was found that the registered business premises of the two companies were vacant/closed for long and the companies were not operating from these premises and the present petitioner namely, Mr. Ravinder Baweja was not found to be residing at the registered address. Further inquiry revealed that apart from these two firms, the petitioner had also incorporated some pro....