Profiteering established by increasing base prices of movie ...

Movie ticket prices hiked despite GST cut from 28% to 18%, violating law. Rs. 88.67 lakh profiteered amount not passed to customers. Directed to refund with interest & penalized.

Case Laws GST

July 10, 2024

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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Profiteering established by increasing base prices of movie ...

Movie ticket prices hiked despite GST cut from 28% to 18%, violating law. Rs. 88.67 lakh profiteered amount not passed to customers. Directed to refund with interest & penalized.

Case Laws GST

July 10, 2024

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