https://www.taxtmi.com/caselaws?id=755577 CCI held that a cinema operator engaged in profiteering by not passing on GST rate reduction benefits (28% to 18%) on movie tickets above Rs. 100 from January to April 2019. The operator profiteered Rs. 54,44,642 and was directed to deposit this amount with 18% interest in equal parts to Central and Telangana State Consumer Welfare Funds. The operator must reduce future ticket prices to pass on tax benefits to consumers. No penalty was imposed as the relevant penal provision was not in effect during the violation period. en-us Wed, 10 Jul 2024 00:00:00 +0530 Fri, 12 Jul 2024 17:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=755577 CCI held that a cinema operator engaged in profiteering by not passing on GST rate reduction benefits (28% to 18%) on movie tickets above Rs. 100 from January to April 2019. The operator profiteered Rs. 54,44,642 and was directed to deposit this amount with 18% interest in equal parts to Central and Telangana State Consumer Welfare Funds. The operator must reduce future ticket prices to pass on tax benefits to consumers. No penalty was imposed as the relevant penal provision was not in effect during the violation period. Case-Laws GST Wed, 10 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=755577