Section 132 of the CGST Act --- Bail Application – The petitioner sought regular bail in case FIR No. 0761 dated 25.10.2020 registered under Sections 420, 467, 468, 471 and 120-B IPC. It is alleged that the petitioner was involved in evasion of tax by wrongly utilization of ITC for disposal of out tax liabilities without actual payment of tax, resulting into loss of huge revenue to the State exchequer. The counsel for the petitioner contended that the petitioner has falsely been implicated in the instant case. No offence is made out against the petitioner under the GST Act. The petitioner had already deposited an amount of Rs.9,99,480/- as tax. The petitioner is in custody since 13.08.2022. Challan has already been presented against him under Sections 420 and 120-B IPC only. Trial is likely to take time and no purpose will be served by keeping the petitioner in custody. The court observed that the petitioner had already deposited an amount of Rs.9,99,480/- as tax. Considering the custody period, the petitioner deserves the concession of regular bail.

Held that:- The Hon’ble High Court allowed the petition subject to certain conditions.