https://www.taxtmi.com/caselaws?id=754877 CCI found respondent engaged in profiteering by not reducing cinema ticket prices commensurately despite GST rate reduction from 28% to 18% on tickets above Rs. 100 from January to June 2019. Profiteered amount determined as Rs. 48,25,970. Respondent directed to reduce ticket prices, deposit profiteered amount with 18% interest equally between Central and Telangana State Consumer Welfare Funds within three months. Penalty under Section 171(3A) CGST Act not imposed as provision was inserted retrospectively after violation period. Application disposed. en-us Mon, 24 Jun 2024 00:00:00 +0530 Mon, 01 Jul 2024 14:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=754877 CCI found respondent engaged in profiteering by not reducing cinema ticket prices commensurately despite GST rate reduction from 28% to 18% on tickets above Rs. 100 from January to June 2019. Profiteered amount determined as Rs. 48,25,970. Respondent directed to reduce ticket prices, deposit profiteered amount with 18% interest equally between Central and Telangana State Consumer Welfare Funds within three months. Penalty under Section 171(3A) CGST Act not imposed as provision was inserted retrospectively after violation period. Application disposed. Case-Laws GST Mon, 24 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=754877