2024 (9) TMI 1210 - HC - GST

Grant of anticipatory bail - economis offences - wrongful availment of ITC - offences punishable under section 132 (1)(c), 132(1)(b) and 132(1)(i) of the OGST Act, 2017 - HELD THAT - Keeping in view the fact that the Petitioner is said to be involved in commission of economic offences, which are grave in nature for making huge unlawful gain by causing huge loss to the State Exchequer by putting up the show for such sincere involvement in business and carrying out the same, as also entitlement to the huge sum as incentive in the form of Input Tax Credit (ITC) flowed having the tendency of foiling the entire move in introducing this new Tax Regime, it is not required to grant anticipatory bail to the Petitioner. Petition disposed off.

Summary

The High Court of Orissa dismissed the application for anticipatory bail filed by the Petitioner in connection with alleged economic offences under the OGST Act, 2017. The Petitioner was involved in activities causing loss to the State Exchequer and was denied bail. The application was disposed of accordingly.