No provisions in CGST Act or rules to allow payment of profiteered amount in instalments

Sh. Vikas Goyal Vs Piccadilly Square Movie Complex (NAA) In this case Respondent did not commensurately reduce the price of the tickets despite reduction in the GST rate from 28% to 18% and from 18% to 12% respectively. The Respondent vide his various submissions has also not opposed the said fact of not reducing the prices in commensurate manner after reduction of tax rate and profiteering calculation and has agreed to deposit the profiteered amount, though he has raised certain objections. In view of the facts mentioned in the DGAP Report, the Authority find that the Respondent has contraven...