GST DAILY – 362 : Assessee should deposit profiteered amount as it had not passed benefit of reduction in GST: CCI

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Assessee should deposit profiteered amount as it had not passed benefit of reduction in GST: CCI

 Principal Commissioner V/s Ranga 70 MM decided on 27-9-2024

👉 The COMPETITION COMMISSION OF INDIA Judgement:-

✔️ Where GST rate of services by way of admission to exhibition of cinematography films supplied by respondent-assessee was reduced from 28 per cent to 18 per cent and from 18% to 12%, further, respondent-assessee had not passed benefit of reduction in GST rate to recipients by way of commensurate reduction in price in terms of section 171, therefore, commission directed respondent-assessee to deposit profiteered amount.

Section 171 of CGST Act, 2017