The Rajasthan High Court has rejected bail application filed by Mohammed Yunus for allegedly issuing Fake GST Invoices.
The Petitioner contended that, He is the proprietor of M/s Sophiera. The firm by name APN India belongs to his brother. Petitioner has not committed any offence under Section 132 Sub-Clause (b) and (c) of the Act. None of the alleged fake firms or their proprietors has been interrogated by the Directorate General of Goods and Services Tax Intelligence. It is also contended that no revenue loss or fake input credit has been claimed so far by any of the firms.
Justice Pankaj Bhandari accepted the department’s contention, that the matter is still at the stage of the investigation. Petitioner has created 26 fake firms and has issued fake invoices to the tune of Rs.494.16 Crores to facilitate claiming of input credit to the tune of Rs.108.36 Crores It is also contended that from the investigation done so far, it is revealed that petitioner was having user name and password of all these firms. He himself has got issued three pan cards in different names of the 26 firms which were registered, none of the firms was found to be functional.
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