Punjab & Haryana HC Grants Bail to Accused Wrongfully Claiming GST ITC, Raising Fake Invoices

The Punjab and Haryana High Court has granted bail to an individual accused of fraudulently claiming Input Tax Credit (ITC) under the GST regime by raising fake invoices. The accused was alleged to have created bogus firms to avail fraudulent ITC, thereby causing significant revenue loss to the government. The court considered the merits of the case, the accused’s cooperation during the investigation, and the duration of custody already undergone before granting bail. The case underscores the judiciary's role in balancing enforcement of tax laws and the rights of the accused in white-collar crimes.