Profiteering Allegations in Film Admission Services Confirmed; DGAP's Methodology Valid u/s 171(1) of the Tax Law.

Profiteering Allegations in Film Admission Services Confirmed; DGAP's Methodology Valid u/s 171(1) of the Tax Law. https://www.taxtmi.com/highlights?id=54542 Profiteering - supply of “Services by way of admission to exhibition of cinematograph films” - allegation that the benefit of reduction in the rate of tax not passed on by way of commensurate reduction in price - The mathematical methodology employed by the DGAP to compute the profiteered amount is correct, appropriate, reasonable and in consonance with the provisions of Section 171(1) - NAPA en-us Sat, 29 Aug 2020 20:46:24 +0530 Sat, 29 Aug 2020 20:46:24 +0530 TaxTMI RSS Generator Profiteering Allegations in Film Admission Services Confirmed; DGAP's Methodology Valid u/s 171(1) of the Tax Law. https://www.taxtmi.com/highlights?id=54542 Profiteering - supply of “Services by way of admission to exhibition of cinematograph films” - allegation that the benefit of reduction in the rate of tax not passed on by way of commensurate reduction in price - The mathematical methodology employed by the DGAP to compute the profiteered amount is correct, appropriate, reasonable and in consonance with the provisions of Section 171(1) - NAPA Highlights GST Sat, 29 Aug 2020 20:46:24 +0530 https://www.taxtmi.com/highlights?id=54542