Gujarat HC Quashes FIR Against KGN Enterprises in Tax Case under GVAT

KGN Enterprises Ltd Vs State of Gujarat (Gujarat High Court) Gujarat High Court heard two applications seeking to quash an FIR filed against KGN Enterprises Ltd. and its directors under the Gujarat Value Added Tax (GVAT) Act, 2003, and the Indian Penal Code (IPC). The FIR, registered at Danilimda Police Station, alleged that the company engaged in fraudulent transactions by issuing bogus bills to claim Input Tax Credit (ITC) without actual movement of goods. The Sales Tax Department contended that the company collected tax without legitimate transactions and sought to penalize it under GVAT Ac...