The Bombay High Court stayed a Rs. 133 crore GST penalty against Shemaroo Entertainment’s top executives, citing improper retrospective application of Section 122(1A) of the CGST Act
In a recent development, the Bombay High Court granted interim relief to senior executives of Shemaroo Entertainment Limited in connection with a Rs. 133 crore GST penalty imposed by the tax authorities. The petitioners, including the Chief Financial Officer, Chief Executive Officer, and Joint Managing Director of Shemaroo Entertainment, had approached the court challenging an…
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