Monday, June 15, 2020

Karnataka HC grants Anticipatory Bail to Person alleged of Wrongful Availment of ITC [Read Order]

The High Court of Karnataka granted the anticipatory bail to the petitioner alleged to have involved in fraudulent availment of Input Tax Credit (ITC) on the basis of invoices without actual supply of goods in contravention of Section 16 of the CGST Act and caused loss to the exchequer for Rs.9.05 crore approximately. The petitioner, […]

from Taxscan | Simplifying Tax Laws https://ift.tt/2N1ffrt

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