Bail allowed to GST Accused for fraudulent availing of Input Tax Credit amounted to Rs 10.71 Cr

Varun Rakesh Bansal Vs State of Gujarat (Gujarat High Court) Conclusion: Gujarat High Court had recently, while deciding upon an application filed under section 439 of the Code of Criminal Procedure, granted bail to a GST accused for fraudulently availing input tax credit worth Rs 10.71 crores, in respect of fiction transactions amounting to Rs 59.55 cores as the department already had sufficient time to investigate their claim and to gather evidence, which they had alleged were in connection with fraudulent claim of Input Tax Credit and alleged evasion. The department had already attached the...