NON-DEPOSIT OF GST TO GOVT - ANTICIPATORY BAIL DENIED TO ACCUSED

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NON-DEPOSIT OF GST TO GOVT - ANTICIPATORY BAIL DENIED TO ACCUSED

05/03/2021

NON-DEPOSIT OF GST TO GOVT - ANTICIPATORY BAIL DENIED TO ACCUSED

In present case, the allegations against the accused company is that they had collected the CGST from the clients of the company to the tune of Rs 24.96 crores and not deposited the same with the government, thus committed offence u/s 132 CGST Act which is non bailable offence. Merely depositing of Rs 7.7 crores do not in any manner drop the offence in bailable category. As far as the allegations against the present accused is concerned, he is director of company who is also responsible for affairs of company and matter is yet to be investigated from him. The huge economic loss to exchequer is caused and this practice appears writ large in business community.

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