Petitioner should be released on bail subject to certain conditions.
Section 132 of the CGST Act, 2017 – Bail –-- The petitioner sought bail. Petitioner was arrested on 15.01.2021 under section 69. It is alleged that petitioner had actively participated in receiving tax invoices or bills without any actual supplies of goods or services or both and in claiming ineligible ITC of not less than Rs. 31 crores. The counsel for the petitioner submitted that petitioner was arrested on 15.01.2021 and has completed 54 days in custody. The petitioner has paid a total of Rs. 4,68,66,408/- to the respondents including Rs. 1,90,25,000/- after arrest. The court observed that the petitioner was arrested on 15.01.2021 and he has completed 54 days in custody. No charge sheet has been filed by the respondents before the competent court. The petitioner has made payment of Rs. 4,68,66,408/-
Held that:- The Hon’ble High Court enlarged the petitioners on bail on furnishing surety of Rs. 5,00,000.00 and on certain conditions. Listed the matter on 20th April, 2021.