HC: Grants bail in view of reversal of illegal and fraudulently availed ITC to the tune of Rs. 8.57 crores

Jharkhand HC grants bail to the petitioner on depositing cash security of Rs.1 lac and on furnishing bail bond of Rs. 2 lacs with two sureties of the like amount each with a condition that the petitioner will cooperate with the investigation of the case and appear before the Investigating Officer as and when noticed by him; Observes that the petitioner had availed ITC on the basis of forged Invoice in violation of Section 132 of the Jharkhand Goods and Services Tax Act, 2017;...