Nestle told to pay Rs73 cr for not passing GST rate cut

New Delhi, December 12 The National Anti-Profiteering Authority (NAA) has ordered FMCG major Nestle to deposit Rs 73.15 crore with Consumer Welfare Fund for not passing GST rate reduction benefit to consumers. Reacting to the order, Nestle India said it...

Tribune News Service

Updated At : 12:57 PM Dec 13, 2019 IST

New Delhi, December 12

The National Anti-Profiteering Authority (NAA) has ordered FMCG major Nestle to deposit Rs 73.15 crore with Consumer Welfare Fund for not passing GST rate reduction benefit to consumers.

Reacting to the order, Nestle India said it would consider appropriate action after studying the same.

The NAA rejected Nestle India’s claims that it has passed on benefits of Rs 192 crore by reducing maximum retail price.

The authority said “there is no evidence that the Respondent (Nestle) has reduced his prices commensurate with the tax deductions” and has “even increased the same in respect of a number of products”. — PTI

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