Bail Granted in ₹32.66 crore GST Fraud Case Due to Lack of Custodial Necessity

Vikas Singh Vs Union of India (Allahabad High Court) In this case, the Allahabad High Court considered a bail application in connection with allegations of fraudulent generation and utilization of fake Input Tax Credit (ITC) under the CGST Act, 2017. The prosecution alleged that the applicant engaged in systematic generation of fake ITC and issuance of bogus invoices without any actual supply of goods or services. It was further alleged that the applicant used such fake ITC to discharge output tax liability instead of depositing tax collected from a contracting entity, resulting in a wrongful ...