Asian Radhika Multiplex guilty of profiteering under GST: CCI

Sh Hrushrxesh Vs Asian Radhika Multiplex (Competition Commission of India) Based on the data submitted, the DGAP found that the respondent had maintained the cum-tax price of movie tickets at Rs. 130 even after the GST rate reduction. Detailed computations revealed a profiteering amount of Rs. 88,67,790 during the period from January 2019 to April 2020. The investigation assessed compliance with Section 171 of the CGST Act, 2017, which mandates the passing on of GST rate reduction benefits to consumers. It concluded that the respondent had contravened this provision. Further, since the custom...