Prasad Media guilty of profiteering- NAA

Principal Commissioner Vs Prasad Media Corporation Pvt. Ltd. (National Anti-Profiteering Authority) NAA held that Prasad Media Corporation Pvt. Ltd. (Respondent) has resorted to profiteering by way of either increasing the base prices of the service while maintaining the same selling prices or by way of not reducing the selling prices of the service commensurately, despite a reduction in GST rate on Services by way of admission to exhibition of cinematograph films where price of admission ticket is above one hundred rupees” from 28% to 18% w.e,f. 01.01.2019 to 30.06.2019. On this account...