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9 Shell Firms and ₹23.66 Crore GST ITC Fraud: Faridabad Sessions Court denies Bail to Accused

Update / Judgement Date

10 Apr 2025

Source

Taxscan

Author

Team — WCP Legal Desk

Reading Time

1 min read

Criminal LawGST

The Faridabad Sessions Court denied bail to an accused involved in a ₹23.66 crore GST ITC (Input Tax Credit) fraud linked to 9 shell firms. The denial of bail suggests the seriousness of the alleged offense and the court's apprehension about the accused potentially absconding or tampering with evidence if released. The involvement of multiple shell firms indicates a complex and potentially organized effort to defraud the GST system.