GST Rate Cut on Film Admission Services Leads to Voluntary Profiteering Refund, No Penalty Imposed.

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Full Text of the Document

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....Profiteering - supply of Services by way of admission to exhibition of cinematography films where the price of admission ticket - there has been a reduction in the rate of tax from 28% to 18% on "Services by way of admission to exhibition of cinematograph films - The profiteered amount is determined for the period from 01.01.2019 to 06.01 2019 - the Respondent has voluntarily deposited the profiteered amount with interest in CWFs - No penalty - NAPA....