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TMI Blog2022 (8) TMI 390X X X X Extracts X X X X X X X X Extracts X X X X ..... e by the said firm and all the affairs are being managed by the applicant/accused. Sh. Vikas Gupta Proprietor of M/s Modern Metal Industries also made a statement before the office of Commissioner GST that the applicant/accused used to pay him Rs.15,000/- to Rs.30,000/- per month for expenses and all the documents are maintained by the applicant/accused and he does not know about the turnover or income tax return of the said firm. Statements of Smt. Babli and Sh. Vikas gupta, Proprietors of other two firms prima facie establishes that the accused was managing these firms. There are allegations of fraudulently availing Input Tax Credit(ITC) of Rs.10 crores approximately from 30 non existing firms. In the additional reply filed on behalf of d ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... be exercised in just, fair and reasonable manner, bonafidely and in good faith and in the present case there is no reason to take coercive steps. It is stated that the evidence in the present matter is principally documentary in nature and all required information is available on the GST Portal. That the applicant is ready to co-operate with further investigating agency and the department has already collected the necessary evidence. That no purpose is going to be served by putting the applicant/accused behind the bars, once the applicant/accused has already joined the investigation. It is prayed that the applicant/accused may kindly be directed to be released on anticipatory bail, in case of his arrest. In support of his submissions, Ld.c ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... pplicant/accused is managing three firms i.e. M/s Shreya Impex, M/s Akshita Enterprises and M/s Modern Metal Industries. During investigation Smt.Babli Sharma, Proprietor of M/s Akshita Enterprises made the statement in the Office of Commissioner, GST that she has no idea of the business undergone by the said firm and all the affairs are being managed by the applicant/accused. Sh. Vikas Gupta Proprietor of M/s Modern Metal Industries also made a statement before the office of Commissioner GST that the applicant/accused used to pay him Rs.15,000/- to Rs.30,000/- per month for expenses and all the documents are maintained by the applicant/accused and he does not know about the turnover or income tax return of the said firm. Statements of Smt. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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