Telangana HC Grants Anticipatory Bail in ₹97.25 Crore GST ITC Case [Read Order] - Taxscan

In a recent ruling, the Telangana High Court granted anticipatory bail to Devendra Surana, Managing Director of Bhagyanagar India Limited, in a case involving alleged wrongful availment of Input Tax Credit (ITC) of Rs. 97.25 crores. The case started when the Directorate General of GST Intelligence (DGGI) alleged that the company claimed ITC from transactions with M/s AMZ Traders, whose GST registr…