Section 132 of the CGST Act, 2017 —Bail –--The applicant prayed for regular bail. The counsel for the applicant submitted that the applicant has been practicing as C.A. since past 6 years and he has been falsely implicated with the allegations. The co-accused had shared UDIN number, ID and Password and the same has been misused by the co accused. The applicant is not accused of misappropriation of a single rupee. It is alleged that the applicant is involved in causing a loss to Government Exchequer to the tune of Rs.7,60,89,626/- and thus has committed offence under Section 132 (1)(i) read with 132(1)(b)(c)(e)(f) of the Act and has actively participated in the preparation of forged certificates for bogus/nonexistent companies to claim a GST refund and thereby causing loss to the public exchequer. The court observed that the applicant is involved in causing a loss to Government Exchequer and thus has committed offence under Section 132 (1)(i) read with 132(1)(b)(c)(e)(f) CGST Act 2017. Considering the gravity and the nature of the allegations levelled against the applicant and the fact that the investigation of the case is at nascent stage, this Court is not inclined to grant concession of bail to applicant.

Held that:- The Hon’ble High Court dismissed the bail application.