Profiteering is apparent from the details of the prices charged by the Respondent w.e.f. 01.01.2019. The Authority finds that the methodology adopted by the DGAP to arrive at/compute profiteering in the subject case is correct. The Authority finds that the Respondent has profiteered by way of increasing the base prices of his supplies of the three categories of movie tickets. This is despite the reduction in GST rate on “Services” (services where price of admission ticket is one hundred rupees or less).
Source: Tax Guru
