Bombay HC Stays ₹133 Crore GST Penalty on Shemaroo Executives

Amit Manilal Haria & Ors Vs Joint Commissioner of CGST & CE & Ors (Bombay High Court) Mumbai: The Bombay High Court has temporarily halted the imposition of a substantial Goods and Services Tax (GST) penalty, amounting to approximately ₹133 crore, on three executives of Shemaroo Entertainment Limited. The court granted an ad-interim stay on the penalty order, citing a prima facie case based on the retrospective application of a key GST provision and the relevance of an earlier court judgment. The penalty order, dated February 1, 2025, targeted Amit Manilal Haria (Chief Financial ...