Company Penalized for Profiteering by Overpricing Movie Tickets Despite GST Cut, Violating Section 171 of CGST Act.

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 amount with interest at 18% in equal parts in Central and State Consumer Welfare Funds within 3 months, failing which to be recovered as per GST Act. Penalty imposed for denying rate reduction benefit from 01.01.2020 onwards, constituting offence u/s 171(3A) of CGST Act. .....

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