HC : Rejects bail application of petitioner accused of master minding Rs. 100 crore GST fraud

Chhattisgarh HC rejects bail application of a Raipur based person, arrested for creating, owning, operating, controlling and managing firms which were the beneficiaries of circular/ semi-circular transactions to the tune of allegedly Rs. 500 crores that deprived the Govt. of more than Rs. 100 crores in  GST revenue; Petitioner was arrested in May, 2019 under Section 69 of the CGST Act for creating and utilizing irregular and inadmissible Input Tax Credit (ITC), a non-bai...