Section 132 of the CGST Act, 2017 — Bail —–The applicant prayed for bail. It is alleged that the applicant is involved in availment of fake ITC. The entire case of the prosecution rests on the statement of the applicant recorded. Out of 21 firms from which supply was taken by the firm of the applicant, 18 firms was registered on date of transaction and their registrations were cancelled either suo moto or without reason retrospectively. In the Punchnama prepared by the Department no local witness is there. The applicant is willing to comply the conditions which may be imposed by this court. The applicant has deposited differential amount of Rs.41,69,267/-. The court observed that it has not been explained how applicant will tamper with the evidence or influence the witnesses. Merely because of seriousness and magnitude economic affect the bail cannot be denied to the accused. Applicant is not stated to have any criminal antecedents. He is not shown to be habitual offender. The applicant has made out a case for bail.

Held that:- The Hon’ble High Court allowed the bail application and directed that the applicant be released on bail subject to certain conditions.