Carnival Cinemas also profiteering
Once again all those naysayers who represent corporates and criticise my post you need to read gst clause 171 and learn how profiteering works more
The GST Council announced the anti-profiteering rules on 18th June 2016. GST rate changed on 27.07.2017 . So after that if the traders / manufacturers had sold at old GST Rate , they should pass on the benefit of GST reduction to the customer .
In this case we have a bill generated on 8.12.2018 which is after after the 27.07.2017 [of 171 rule ]. Only if we show a bill generated before 21.07.17 charging the same rate , we can fault the trader . otherwise it is a futile exercise to book the trader .
Ms. the above is written with a limited knowledge and taxation , but Practical experience in " Price reduction in Pharma, way back in the
1974/75 " . But surely not to criticise your post .
WHETHER YOUR POST IS RIGHT OR WRONG , BUT TAKE THIS COMPLIMENT FROM MY FAMILY . AFTER SEEING YOUR POSTS IN THE CIRCLE OF PROFITEERING , THEY HAVE STARTED TO STRAIN THEIR EYES TO SEE THE VERY SMALL PRINT ON THE PRICE SIDE . I AM SURE OUR MONTHLY BILLS WILL COME DOWN IN THE COMING MONTHS AND WHILE CELEBRATING WILL REMEMBER YOU . more