HC: Dismisses bail application considering seriousness of offence in circular trading matter

Rajasthan HC dismisses bail application filed for alleged offence committed under Section 132 (1) (b) (c) & (d) of the CGST Act, 2017 in a case of circular trading; Considers the facts and circumstances of the case and the serious allegations levelled against the Petitioner of wrong availment of fraudulent ITC amounting to Rs. 40.53 crores involved in the supply of goods & services; Without expressing any opinion on the merits of the case, holds that “I am not incli...