Alleged fake firms used to claim ₹30+ crore input tax credit u/s 132; prolonged custody held disproportionate, bail granted.

Alleged fake firms used to claim ₹30+ crore input tax credit u/s 132; prolonged custody held disproportionate, bail granted.Case-LawsGSTIn a prosecution alleging creation and operation of multiple firms to wrongfully avail and pass on input tax credit e

Alleged fake firms used to claim ₹30+ crore input tax credit u/s 132; prolonged custody held disproportionate, bail granted.
Case-Laws
GST
In a prosecution alleging creation and operation of multiple firms to wrongfully avail and pass on input tax credit exceeding Rs.30 crores under Section 132 of the CGST Act, the court assessed whether continued pre-trial custody was warranted. Noting that the maximum punishment is five years, that the allegations remained to be proved, that the

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =