GST: No Penalty Under Section 74 After Voluntary ITC Reversal due to non-existent supplier, says High Court The dispute began when the Anti-Evasion wing alleged that the petitioners had claimed input tax credit (ITC) based on invoices issued by a non-existent supplier. On receiving this communication, the petitioners acted without delay and voluntarily reversed the…
Shemaroo Entertainment Faces Over Rs. 60 crore Demand, Court Grants Interim Relief Shemaroo Entertainment Ltd, a major Indian media and entertainment conglomerate, recently issued a disclosure, addressed to BSE Limited and the National Stock Exchange of India Limited, regarding receipt of an interim order. The disclosure was made under Regulation 30 of the SEBI (Listing Obligations…
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