It is known to our readers that Superstar Mahesh Babu’s AMB Cinemas was served notices by GST Commissionerate under anti-profiteering law. From January 1st this year, the GST on Ticket prices has come down from 28% to 18%. But AMB Cinemas has not transferred the Benefit to the audience and is accused of pocketing the difference.
The violation is observed from January 1st to February 5th and now we are that the Multiplex Management has paid 35.66 Lakhs to the Department. This amount is deposited to the consumer relief fund of the anti-profiteering wing. Previously, Mahesh Babu also got notices for Service Tax Evasion and had to pay up.