2018 (12) TMI 708 - HC - GST

Bail application - Input tax credit - Sections 132(1)(c) of the Central Goods and Services Act, 2017 - Held that - Considering the period of custody, the petitioner is enlarged on bail - Accordingly, petitioner namely, Satya Prakash Singh @ S.P.Singh @ Satya Prakash is directed to be released on bail on furnishing bail bond of ₹ 50,000/- (fifty thousand) with two sureties of the like amount each to the satisfaction of Special Judge, Economic Offence, Jamshedpur. The petitioner is directed to cooperate with the Investigating Officer during investigation and till completion of the investigation, he must appear before the Investigating Authority once a fortnight.

Summary

The Jharkhand High Court granted bail to the petitioner, Satya Prakash Singh, who is accused of illegally availing Input Tax Credit under the Central Goods and Services Act, 2017. The petitioner is directed to furnish a bail bond of Rs. 50,000 with two sureties of the same amount each. He must cooperate with the Investigating Officer and appear before the Investigating Authority once a fortnight.