NAA: PVR profiteered by not reducing ‘Cinema-ticket’ prices commensurately, however, penalty not imposable

NAA upholds profiteering against PVR (Respondent) engaged in the supply of services by way of admission to exhibition of cinematograph films; Observes that the Respondent sold tickets (of value Rs. 250, Rs.200 and Rs.150) at the same prices despite GST rate reduction from 28% to 18% w.e.f. January 1, 2019 vide Notification No. 27/2018- Central Tax (Rate) dated December 31, 2018; Observing that Respondent was selling two classes of tickets ‘Classic’ and ‘Recline’, dete...