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Bombay High Court Overturns ₹400 Crore GST Penalties on Shemaroo Executives, Curbs Personal Liability, Blocks Retrospective Enforcement
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Bombay HC Quashes ₹400 Cr GST Penalties on Shemaroo Execs, Limits Personal Liability
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CNBC TV18
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25-02-2026, 15:35
Bombay HC Quashes ₹400 Cr GST Penalties on Shemaroo Execs, Limits Personal Liability
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Bombay High Court set aside personal penalties exceeding ₹400 crore imposed on three Shemaroo Entertainment Ltd. executives.
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The court ruled that the proceedings were without jurisdiction, violating statutory requirements and constitutional safeguards.
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Penalties of ₹133.61 crore each on Amit Haria, Hiren Gada, and Atul Maru under Section 122(1A) of the CGST Act were quashed.
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The judgment clarifies that Section 122(1A) applies only to 'taxable persons' and cannot be applied retrospectively to transactions before 2021.
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The ruling emphasizes that personal liability requires proof of retained benefit and direct causation, impacting future GST investigations.
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