The petitioner is directed to be released on bail.
Section 132 of the CGST Act, 2017—Bail -- The petitioner sought regular bail for offence punishable under Section 132 (1)(i) of the Act, 2017. The petitioner was arrested on 9th December, 2020 and no custodial investigation was carried out; as the petitioner was sent to the judicial custody on the same day. The respondent alleged that the petitioner was providing fake invoices through various firms, floated/ managed either directly or by putting convenient people to manage their affairs, without any corresponding supply of goods and services. The court observed that the petitioner is in custody for 56 days and respondent did not propose to file a complaint within 60 days and after 4 days the petitioner would in any case be entitled to the default bail as a matter of right.
Held that:-The Hon’ble High Court directed the petitioner be released on bail on his furnishing a personal bond in the sum of Rs.1 lakh with one surety bond of the like amount subject to the satisfaction of the learned CMM/Duty Magistrate concerned, further subject to certain conditions.