NAA: Multiplex-operator held guilty of profiteering for not passing rate-reduction benefit on movie-ticket sale

NAA confirms profiteering allegation against Prasad Media Corporation, Hyderabad (Respondent) for increase in base-price of movie tickets despite reduction in rate of GST from 28% to 18% w.e.f. January 1, 2019; Notes that income arising out of screening/exhibition of cinematograph films in multiplexes is subjected to entertainment tax of 17.30% which was built into the cost of tickets, however post GST, said entertainment tax was subsumed into GST and rate was fixed at 28%; D...