Himanshu Sharma Vs NY Cinemas LLP
Date: March 12, 2020
Subject Matter
NY Cinemas guilty of profiteering for not passing on the benefit of reduction in the rates
Summary
The Respondent vide his written submission has admitted that he was engaged in the business of running a chain of multiplexes in India. He has also submitted the details of the prices charged by him and the profiteered amount in respect of the above…
1. The present Report dated 12.09.2019 has been furnished by the Applicant No. 2 i.e. the Director General of Anti-Profiteering (DGAP), under Rule 129 (6) of the Central Goods & Services Tax (CGST) Rules, 2017 . The brief facts of the case are that the Applicant No. 1 had filed an application in which it was alleged that the Respondent had not passed on the benefit of reduction in the GST rate…