https://www.taxtmi.com/caselaws?id=396617 The Respondent was found to have profiteered by not passing on the benefit of a GST rate reduction on cinema tickets to consumers. The Directorate General of Anti-Profiteering (DGAP) calculated the profiteering amount to be Rs. 30,13,058/-, with the Respondent increasing base ticket prices post-GST rate reduction. The Respondent was directed to reduce ticket prices, deposit the profiteered amount with interest in Consumer Welfare Funds, and faced penalties under Section 171 of the CGST Act, 2017. Jurisdictional authorities were tasked with monitoring compliance within three months, with the order being delayed due to the COVID-19 pandemic. en-us Tue, 07 Jul 2020 00:00:00 +0530 Mon, 13 Jul 2020 10:58:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396617 The Respondent was found to have profiteered by not passing on the benefit of a GST rate reduction on cinema tickets to consumers. The Directorate General of Anti-Profiteering (DGAP) calculated the profiteering amount to be Rs. 30,13,058/-, with the Respondent increasing base ticket prices post-GST rate reduction. The Respondent was directed to reduce ticket prices, deposit the profiteered amount with interest in Consumer Welfare Funds, and faced penalties under Section 171 of the CGST Act, 2017. Jurisdictional authorities were tasked with monitoring compliance within three months, with the order being delayed due to the COVID-19 pandemic. Case-Laws GST Tue, 07 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396617