Cinema Hall Profiteered Rs. 4.65L by Not Passing GST Rate Cut; Ordered to Refund with Interest.
Case-Laws
GST
The respondent resorted to profiteering by not passing on the benefit of GST rate reduction on cinema tickets, realizing an additional Rs. 4,65,549 from recipients. As per Rule 133, the respondent is directed to reduce ticket prices commensurate with the tax cut, deposit the profiteered amount of Rs. 4,65,549 plus 18% interest equally in central and state consumer welfare funds
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =