NAA: Reduction of movie ticket base-prices nullified profiteering, directs DGAP to recompute amount

NAA holds that Devi 70 mm has complied with the provisions of Section 171 of the CGST Act, 2017, as the price of two categories of tickets was reduced commensurately by the Respondent (i.e. Devi 70 mm) w.e.f. March 11, 2019; Stating that thus, no profiteering can be established after the said date and since the Respondent increased the prices of 2 categories only in month of May, NAA highlights that the price increase cannot be correlated to provisions of profiteering; Observ...