Guwahati HC grants bail in GST ITC case citing lack of notice & reason to believe

Aniket Sovasaria Vs Union of India And 2 Ors (Guwahati High Court) In a significant ruling, the Guwahati High Court granted bail to Aniket Sovasaria, accused in a Goods and Services Tax (GST) evasion case involving ineligible Input Tax Credit (ITC) worth approximately Rs. 6.12 crores. The decision, delivered in the case of Aniket Sovasaria Vs Union of India And 2 Ors, primarily hinged on procedural lapses by the investigating agency, particularly the absence of a mandatory notice and a lack of “reason to believe” for the arrest. Sovasaria, a partner in M/s Aadi Enterprises and M/s Trident ...