HC Grants Bail to Person Alleged of Economic Offence under GST

Narayan Kumar Khaitan Vs Union of India (Orissa High Court) The instant petition is filed to seek bail against the offences alleged against petitioner which are punishable under Sections 132(1)(b) and 132(1)(l) of the Central Goods and Services Tax Act, 2017. High Court states that the petitioner has been indicted in a heinous and serious offence, i.e., economic offence causing loss of Rs.19 crores revenue to the Government Exchequer, as revealed from the materials produced and also his such alleged overt act contributed to frustrate the avowed object of bringing reform tax law brought by the ...