2024 (2) TMI 356

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.... Procedure, 1973, for regular bail in connection with File No. DGGI/INT/INTL/1520/2023 - O/0 AD-DGGI-RURAJKOT registered with Directorate General of GST Intelligence, Rajkot. 3. Learned Senior Advocate appearing on behalf of the applicant submits that the applicant has been arrested in connection with the present offence on 12.10.2023 and since then the applicant is in custody. The applicant has cooperated with the investigation and has provided all the information which the applicant was having to the concerned authorities and on the basis of the said information provided by the present applicant, the concerned authority has also lodged a complaint against the present applicant for the offences in question before the concerned Court. ....

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....lf of the respective parties and perused the papers. In present case, the investigation is over and charge-sheet has been filed. The present applicant has been arrested in connection with the present offence on 12.10.2023. It is alleged against the present applicant that the applicant had availed the benefit of Input Tax Credit on the basis of forged and fictitious records. The applicant is alleged to have availed such benefit for purchase of certain goods, which were actually not purchased physically by the present applicant and has thus, availed the benefit worth crores of rupees under the guise of such fictitious purchase. The offence alleged against the present applicant is punishable with imprisonment for 5 years. The applicant is in c....