2018 Taxo.online 515

B.A. No.9077 of 2018 dated 05.12.2018

M/S SATYA PRAKASH SINGH

THE UNION OF INDIA THROUGH GST COUNCIL

2018

GST

Central Goods & Services Tax Act, 2017

Section 132

Ananda Sen, Justice

In favour of assessee

High Court

Jharkhand

Represented by: –

Petitioner: – Mr. N.K. Pasari

Respondent: – Mr. A.P.P.

Order: –

Heard learned counsel appearing for the petitioner and the learned counsel for opposite party, who opposes the prayer for bail. The petitioner is an accused for allegedly committing offence punishable under Sections 132(1)(c) of the Central Goods and Services Act, 2017. There is an allegation against this petitioner that he illegally availed Input Tax Credit. The petitioner is in custody since 23.08.2018. Learned counsel appearing for the respondents opposes the prayer for bail and submits that this petitioner has taken the benefit of about Rs. 30 crores illegally by way of Input Tax Credit.

Considering the period of custody, I am inclined to enlarge the petitioner 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 Rs. 50,000/- (fifty thousand) with two sureties of the like amount each to the satisfaction of Special Judge, Economic Offence, Jamshedpur in connection with Crl. P. No. 2441 of 2018.

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.