DGAP finding upheld: Rs 16,50,166 profiteering for not passing GST reduction on cinema tickets; interest directed

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....AT affirmed DGAP's finding that the Respondent profiteered by Rs. 16,50,166 by not passing on GST rate reduction on cinema tickets. The AT held the impugned provision's interest component (18%) applies for the three days 28-30 June 2019 and accordingly directed interest at 18% on the apportioned amount of Rs. 27,350 (rounded), calculated from 01.01.2019 with annual rests. The Respondent is ordered to deposit the principal Rs. 16,50,166 and interest; half of the total payable (principal plus interest as computed) shall be paid into the Central Consumer Welfare Fund and the balance into the Telangana Consumer Welfare Fund (or into the Central Fund if the State Fund is not constituted) within one month.....