Cinema Ticket Price not Reduced after GST Rate Reduction, Profiteered Rs.54.4L: CCI Orders to Deposit Profiteered Amount with Interest

The Competition Commission of India (CCI) ordered a cinema chain to deposit ₹54.4 lakhs, along with interest, after it was found guilty of profiteering. The chain had failed to reduce ticket prices even after a reduction in GST rates, effectively pocketing the difference. This decision underscores the CCI's role in ensuring that the benefits of tax reductions are passed on to consumers. The case highlights the importance of businesses adhering to fair pricing practices following changes in tax rates and serves as a warning to others that anti-profiteering regulations will be strictly enforced.