Jharkhand HC Grants Bail in ₹54 Crore Fake ITC GST Case Due to Lack of Evidence

Gyaan Chandra Jaiswal @ Gyan Chandra Jaiswal Vs Union of India (Jharkhand High Court)

Conclusion: While the prosecution alleged a massive ITC fraud involving multiple shell companies, the lack of documentary proof ultimately led the court to favour the bail.

Held: In the instant case, upon scrutiny of GSTR-2A of M/s Jai Bhole Enterprises, it appeared that M/s Jai Bhole Enterprises had availed input tax credit from various entities. Accordingly, the office initiated investigation against the above firms and during the investigation all the ab

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