https://www.taxtmi.com/caselaws?id=424235 NAPA held that a cinema operator engaged in profiteering by failing to pass on GST rate reductions on movie tickets effective January 1, 2019. The GST rate was reduced from 28% to 18% for tickets above Rs. 100 and from 18% to 12% for tickets Rs. 100 or below. The respondent increased base ticket prices instead of reducing selling prices commensurately, resulting in profiteering of Rs. 12,83,999 from January 2019 to April 2020. NAPA directed the respondent to reduce ticket prices, deposit the profiteered amount with 18% interest, and issued notice for penalty proceedings under Section 171(3A) of CGST Act, 2017. en-us Mon, 20 Jun 2022 00:00:00 +0530 Thu, 03 Apr 2025 16:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424235 NAPA held that a cinema operator engaged in profiteering by failing to pass on GST rate reductions on movie tickets effective January 1, 2019. The GST rate was reduced from 28% to 18% for tickets above Rs. 100 and from 18% to 12% for tickets Rs. 100 or below. The respondent increased base ticket prices instead of reducing selling prices commensurately, resulting in profiteering of Rs. 12,83,999 from January 2019 to April 2020. NAPA directed the respondent to reduce ticket prices, deposit the profiteered amount with 18% interest, and issued notice for penalty proceedings under Section 171(3A) of CGST Act, 2017. Case-Laws GST Mon, 20 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424235