2018 (11) TMI 1569 - HC - GST

Bail application - Illegal availment of Input tax credit - Petitioner is in custody since 24.7.2018 i.e. more than 62 days - Held that - The petitioner is directed to be released on bail on furnishing bail bond of ₹ 50,000/- with two sureties of the like amount each to the satisfaction of learned Special Judge, Economic Offence, Jamshedpur in connection with Complaint Case No. 2144 of 2018. Petitioner is directed to co-operate with the Investigating Officer during investigation and till completion of the investigation, he must appear before the Investigating Authority once a fortnight.

Summary

The High Court of Jharkhand granted bail to the petitioner accused of an offence under the Central Goods & Services Act, 2017. The petitioner had allegedly taken Input Tax Credit illegally and had been in custody for over 62 days. Bail was granted on a bond of Rs. 50,000 with two sureties, with the condition to cooperate with the Investigating Officer and appear before them once a fortnight.