PVR Hyderabad did not pass benefit of GST reduction, says National Anti-Profiteering Authority
The National Anti-profiteering Authority has held that PVR Hyderabad profiteered by not lowering the price post reduction of Goods & Services Tax (GST). However, no penalty has been imposed. Post the introduction of GST, NAA was set up to determine whether the reductions in tax rates and the benefits of the input tax credit were being passed on to consumers by way of reduced prices. …