Bail Denied Due to Alleged Large-Scale Fake ITC Through Bogus Firms

Amit Mehra Vs Union of India (Punjab And Haryana High Court) The Punjab and Haryana High Court considered a petition seeking regular bail in a case registered under Section 132(1)(b) of the Central Goods and Services Tax Act, 2017, punishable under Section 132(1)(i) of the CGST Act and Section 20(xv) of the IGST Act. The prosecution alleged that a firm had availed Input Tax Credit (ITC) on the basis of goods-less invoices issued by multiple non-existent firms. During the investigation, searches were conducted at the premises of the beneficiary firm and the alleged supplier firms, which were fo...