GST rate reduction on cinema tickets: failure to pass benefit by raising base prices found; profiteering upheld.

GST rate reduction on cinema tickets: failure to pass benefit by raising base prices found; profiteering upheld.Case-LawsGSTRespondent failed to pass on the benefit of reduced GST rates for cinema admission tickets by raising base prices and keeping the s

GST rate reduction on cinema tickets: failure to pass benefit by raising base prices found; profiteering upheld.
Case-Laws
GST
Respondent failed to pass on the benefit of reduced GST rates for cinema admission tickets by raising base prices and keeping the same cum-tax ticket prices; consequence: DGAP found profiteering of Rs. 2,50,148.39. DGAP investigation, supported by documents submitted by the respondent and a written confirmation admitting non-reduction of specific ticket slabs, f

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