Bail Granted in Alleged 73 Fake Firms & ITC Scam by Rajasthan HC

Mohit S/o Shri Ishwar Sharma Vs Union of India (Rajasthan High Court)

Introduction: The Rajasthan High Court has granted bail to Mohit Sharma in a case involving 73 alleged fake firms and a substantial Input Tax Credit (ITC) transaction of Rs. 73.54 Crore. This article delves into the details of the case, the arguments presented, and the court’s decision.

Detailed Analysis:

i. Background of the Case: Mohit Sharma filed a bail application under Section 439 P.C. in connection with Case No. DGGI/Inv/INTL/40/2023. The case, registered at the DGGI Zonal Office, Jaipur, pertains to offenses under Sections 132(1)(b)(c)(f)(k) of the CGST Act, 2017, and Section 132(5).

ii. Petitioner’s Arguments: Mohit’s counsel, Siddhartha Ranka, argued that Mohit was employed in the firm of Rajat and Ishu, two other implicated individuals. Rajat and Ishu had been released on bail due to a delayed charge-sheet filing. Mohit had been in custody since July 12, 2023, with a brief interim bail period.

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