Financial losses and statutory pricing caps not justify profiteering: CCI

Principal Commissioner Vs Cinema Ventures Pvt. Ltd. (Competition Commission of India) The Principal Commissioner Vs Cinema Ventures Pvt. Ltd. case, adjudicated by the Competition Commission of India (CCI), revolves around allegations of profiteering by Cinema Ventures Pvt. Ltd. in the wake of a GST rate reduction. The investigation, initiated by the Director-General of Anti-Profiteering (DGAP), uncovered practices that potentially violated the provisions of Section 171 of the Central Goods & Service Tax (CGST) Act, 2017. Background and Investigation On June 28, 2019, the Standing Committee...