HUL found not passing lower GST benefit

The issue relates to HUL denying benefit of a GST cut in Nov 2017 to consumers. NAA estimated the amount of profiteering by the company at close to Rs 535 cr, of which around Rs 455 cr was denial of benefits to consumers. Of this, some credits were given to HUL, resulting in undue gains of Rs 383 cr, the NAA said in an order released on its website.

from Times of India http://bit.ly/2ELUsWF
via IFTTT

Categories: Times of India