Accused in Rs. 31.18 Crore Input Tax Credit Fraud Granted Bail After Six Months in Custody

Accused in Rs. 31.18 Crore Input Tax Credit Fraud Granted Bail After Six Months in CustodyCase-LawsGSTThe HC granted regular bail to the applicant accused of availing ineligible Input Tax Credit of Rs. 31.18 crores based on fake invoices from non-operatio

Accused in Rs. 31.18 Crore Input Tax Credit Fraud Granted Bail After Six Months in Custody
Case-Laws
GST
The HC granted regular bail to the applicant accused of availing ineligible Input Tax Credit of Rs. 31.18 crores based on fake invoices from non-operational firms. The Court noted that the prosecution's case relied on documentary evidence already filed in tax returns, and the applicant's business account had been released after initial attachment. Considering that the alleged offense

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