Tally for CAs in Industry Silver Edition (Single User) Tally Renewal (Auditor Edition) Need Tally for Clients? (Tie-up with us!!!)
GST - Goods and Services Tax »
 GSTN enables option for opting quarterly filing of GST returns under QRMP Scheme
 New guidelines for UPI payment of GST
  New rules to sign up for GST
 GST registration of defaulters under lens
 The Lakshmi Vilas Bank Ltd. branches to operate as DBS Bank India Ltd. branches from November 27, 2020
 Delhi Govt waives off Late Fee for registered person who failed to furnish the return in FORM GSTR-3B GST
 The problem with tough plans against GST fraud
 New rules to sign up for GST
 CBIC notifies due date for filing GSTR-3B for the months of Oct. 2020 to March 2021 GST
 Why it s the right time to reform GST
 Quarterly GSTRs pose new hurdles for MSMEs

Rajasthan HC allows Bail to Chartered Accountant accused of Rs. 100 Cr GST Scam
July, 16th 2020

The High Court of Rajasthan allowed the bail to the person alleged to have created fake invoices to wrongfully availing input tax credit (ITC).

The matter pertains to claims of the wrong input tax credit on the basis of fake bills.

The allegation against the petitioner, Anup Ashopa who is a Chartered Accountant is of making fake firms who later on claimed the input tax credit. The input tax credit pertaining to their firms was more than Rs.100 crore.

The applicant contended that as many as 21 fake firms were corporated and an input tax credit of more than Rs. 100 crore was claimed by Vijay and Kapil who has been enlarged on bail by Coordinate Bench of the Court.

The Counsel for the department has opposed the bail application. It is contended that the petitioner was instrumental in incorporating fake firms. He had obtained documents and had incorporated fake firms for the purpose of claiming the input tax credit.

The single-judge bench of Justice Pankaj Bhandari allowed the bail to the person alleged to have created fake invoices to wrongfully avail Input Tax Credit (ITC).



“It is directed that accused-petitioner shall be released on bail provided he furnishes a personal bond in the sum of Rs.1,00,000/- together with two sureties in the sum of Rs.50,000/- each to the satisfaction of the Trial Court with the stipulation that he shall appear before that Court and any Court to which the matter be transferred, on all subsequent dates of hearing and as and when called upon to do so,” the HC said.


Home | About Us | Terms and Conditions | Contact Us
Copyright 2020 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting