https://www.taxtmi.com/caselaws?id=425085 NAPA found the respondent guilty of profiteering under section 171 of CGST Act for not passing GST rate reduction benefits to cinema ticket buyers. GST rates were reduced from 28% to 18% for tickets above Rs.100 and 18% to 12% for tickets Rs.100 or below from 01.01.2019 to 29.02.2020. The respondent profiteered Rs.2,66,99,340 by maintaining selling prices despite lower GST rates. NAPA directed ticket price reduction and penalty proceedings under section 171(3A) for the profiteered amount collected from 01.01.2020 to 29.02.2020. en-us Wed, 06 Jul 2022 00:00:00 +0530 Fri, 04 Apr 2025 11:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=425085 NAPA found the respondent guilty of profiteering under section 171 of CGST Act for not passing GST rate reduction benefits to cinema ticket buyers. GST rates were reduced from 28% to 18% for tickets above Rs.100 and 18% to 12% for tickets Rs.100 or below from 01.01.2019 to 29.02.2020. The respondent profiteered Rs.2,66,99,340 by maintaining selling prices despite lower GST rates. NAPA directed ticket price reduction and penalty proceedings under section 171(3A) for the profiteered amount collected from 01.01.2020 to 29.02.2020. Case-Laws GST Wed, 06 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=425085