Multiplex chain PVR found guilty of profiteering, but escapes penalty

PVR escaped penalty because it voluntarily deposited Rs 13.72 lakh along with interest worth Rs 35,800 to the consumer welfare fund

The goods and services tax (GST) profiteering watchdog has held multiplex chain PVR guilty of not passing on the benefit of lower GST rates to consumers. However, it has decided against imposing any penalty. This is because PVR, Telangana, voluntarily deposited Rs 13.72 lakh along with interest worth Rs 35,800 to the consumer welfare fund, in compliance with the anti-profiteering rules under GST.
 

According to the complaint, PVR did not pass on the benefit of reduction when GST rates were reduced from 28 per cent to 18 per cent with effect from January 1, 2019 and ticket prices remained unchanged.