The Supreme Court on Thursday issued notice in an appeal filed by businessman Daulat Samirmal Mehta, who challenged the bail condition imposed by Bombay High Court directing him to pay a sum total of ₹25 crore to effectuate his release. .The Bench of Justices Rohinton Fali Nariman and Hrishikesh Roy issued notice in the appeal and stayed the bail condition which directed payment of ₹10 crore and ₹15 crore..In January, the Directorate General of Central Goods and Services Tax had arrested the 64-year-old businessman, who is a director of Twinstar Industries and Originet Technologies, for an alleged fraud of ₹122 crore..He faces allegations that his companies fraudulently availed of and utilized ineligible input tax credit (ITC) of ₹122.6 crore based on bogus invoices, without actual receipt of goods or services..The plea in the Supreme Court states that he was asked to pay a total of ₹25 crore by a February 15, 2021 order of the Bombay High Court, though the Court held that his "arrest was not justified.".One of the grounds of the appeal is that "such harsh conditions" were imposed even though Mehta spent 26 days in custody for an offence which is punishable with 5 years' imprisonment..The petition states that imposing excessive conditions for bail is in "teeth of Article 21 of the Constitution.".The appellant has contended that his companies are not liable to pay GST, as it is only paid when goods are actually supplied. It is further claimed that no goods have been supplied by the appellant or his company and thus no question arises of paying GST.
The Supreme Court on Thursday issued notice in an appeal filed by businessman Daulat Samirmal Mehta, who challenged the bail condition imposed by Bombay High Court directing him to pay a sum total of ₹25 crore to effectuate his release. .The Bench of Justices Rohinton Fali Nariman and Hrishikesh Roy issued notice in the appeal and stayed the bail condition which directed payment of ₹10 crore and ₹15 crore..In January, the Directorate General of Central Goods and Services Tax had arrested the 64-year-old businessman, who is a director of Twinstar Industries and Originet Technologies, for an alleged fraud of ₹122 crore..He faces allegations that his companies fraudulently availed of and utilized ineligible input tax credit (ITC) of ₹122.6 crore based on bogus invoices, without actual receipt of goods or services..The plea in the Supreme Court states that he was asked to pay a total of ₹25 crore by a February 15, 2021 order of the Bombay High Court, though the Court held that his "arrest was not justified.".One of the grounds of the appeal is that "such harsh conditions" were imposed even though Mehta spent 26 days in custody for an offence which is punishable with 5 years' imprisonment..The petition states that imposing excessive conditions for bail is in "teeth of Article 21 of the Constitution.".The appellant has contended that his companies are not liable to pay GST, as it is only paid when goods are actually supplied. It is further claimed that no goods have been supplied by the appellant or his company and thus no question arises of paying GST.