HC: Rejects bail application of GST offender involved in fraudulent ITC availment of Rs. 11 crores

Rajasthan HC rejects bail application of GST offender involved in availing ITC to the tune of Rs.11.6 crores; Opines that “claim of input tax credit without there being any transaction directly affects the economy of the country”; Notes Revenue’s contention that the vehicles in which products stated to have been send to the petitioner being pick-up, scooty and motorcycle etc. clearly demonstrate that fake bill entries were manipulated to claim ITC: Rajasthan HC...