https://www.taxtmi.com/caselaws?id=446462 CCI held that the respondent cinema operator engaged in profiteering by failing to pass on GST rate reduction benefits on movie tickets priced <=Rs.100 (reduced from 18% to 12% from 01.01.2019 to 30.09.2019). The respondent maintained same selling prices while increasing base prices, realizing additional Rs.7,19,187. CCI directed deposit of profiteered amount with 18% interest into Central and State Consumer Welfare Funds within 3 months. However, penalty under Section 171(3A) CGST Act could not be imposed as the provision was inserted retrospectively from 01.01.2020. en-us Fri, 24 Nov 2023 00:00:00 +0530 Wed, 23 Apr 2025 12:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=446462 CCI held that the respondent cinema operator engaged in profiteering by failing to pass on GST rate reduction benefits on movie tickets priced <=Rs.100 (reduced from 18% to 12% from 01.01.2019 to 30.09.2019). The respondent maintained same selling prices while increasing base prices, realizing additional Rs.7,19,187. CCI directed deposit of profiteered amount with 18% interest into Central and State Consumer Welfare Funds within 3 months. However, penalty under Section 171(3A) CGST Act could not be imposed as the provision was inserted retrospectively from 01.01.2020. Case-Laws GST Fri, 24 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=446462