Allahabad HC Grants Anticipatory Bail to Accused of Evading GST of Rs 100 crores

Recently, the Allahabad High Court granted pre-arrest bail to a person accused of evading G.S.T. to the tune of Rs 100 Crores.

Nitin Verma (applicant-accused) filed an anticipatory bail application when the superintendent issued summons to him u/s 70 of C.G.S.T. Act r/w Section 74 of C.G.S.T. Act.

The authorities have alleged that there is an evasion of an amount exceeding 100 crores and it is a non-bailable and cognizable offence u/s 132(1)(i) of C.G.S.T. Act r/w Section 132(5) of C.G.S.T. Act

The Revenue Department urged that when they searched the accused’s premises, they recovered the incrimination document that showed that Verma was involved in the case. The Department also stated that they are looking into 111 fake firms and have recovered 373 bogus invoices.

The goods involved were only sold on paper by the applicant-accused, and the accused is the mastermind of the whole racket, remarked the Department.

Hon’ble Allahabad High Court granted anticipatory bail to the accused for six weeks or until the inquiry is over. The accused was also asked to submit a personal bond for Rs 5,00,000 along with two sureties.

Other conditions imposed by the Court:-

  • Accused-applicant will appear for interrogation when required.
  • Accused-applicant will not try to influence the investigation directly or indirectly.
  • Verma(accused) will not leave the country without informing the Court.
  • He will file a computer-generated copy of the order.
  • Concerned officials will verify the authenticity of the order.

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