Hyderabad-based company held guilty of GST profiteering on movie tickets

In one of its first rulings in the entertainment sector, the National Anti-profiteering Authority (NAA) under the GST regime has found Hyderabad-based Prasad Media Corporation guilty of profiteering Rs 30.13 lakh by not passing on the benefit of tax rate cut to 18 per cent on movie tickets. The Directorate General of Anti Profiteering investigated the case and based on its report, the NAA ruled th…