Company Penalized for Profiteering by Overpricing Movie Tickets Despite GST Cut, Violating Section 171 of CGST Act.
Case-Laws
GST
Profiteering established by increasing base prices of movie tickets despite GST rate reduction from 28% to 18% for admission tickets above Rs. 100, contravening Section 171 of CGST Act. Respondent failed to pass on benefit of Rs. 88,67,790/- to customers from 01.01.2019 to 30.04.2020. Directed to reduce ticket prices commensurately and deposit profiteered amo
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