Cinema Ticket Price not Reduced after GST Rate Reduction, Profiteered Rs.54.4L: CCI Orders to Deposit Profiteered Amount with Interest [Read Order]
Given that cinema ticket prices were not reduced following the GST rate reduction, the CCI confirmed a violation and orders repayment with interest
By Kavi Priya - On September 2, 2024 10:43 am - 2 mins read
The Competition Commission of India ( CCI ) confirmed the violation, wherein the respondent did not lower ticket prices Post-Goods and Services Tax ( GST ) rate reduction, resulting in undue Rs. 54.4 lakh profit. Consequently, the CCI ordered the entire profiteered amount be deposited along with the interest to the Consumer Welfare Fund. The…
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