Moneycontrol
Last Updated : Jan 01, 2018 01:52 PM IST | Source: CNBC-TV18

Anti-profiteering watchdog on the prowl for GST violators

The anti-profiteering watchdog setup under the GST law has launched a probe into McDonald's, Lifestyle and a Jaipur based HUL stockist for not passing on benefit of tax cuts to customers.

CNBC TV18 @moneycontrolcom

The anti-profiteering watchdog setup under the goods and services tax (GST) law has launched an investigation into McDonald's, Lifestyle and a Jaipur-based Hindustan Unilever Ltd (HUL) stockist for not passing on benefit of tax cuts to customers.

Moneycontrol had first reported on December 30 that the finance ministry has slapped anti-profiteering notices to three companies — Jaipur-based departmental store selling FMCG major Hindustan Unilever products, shopping outlet Lifestyle International and master franchisee of McDonald’s, Hardcastle Restaurants — as these entities did not pass on the benefit of GST given by the government to the final consumer.

Watch accompanying video of CNBC-TV18’s Priya Sheth for all the comments coming in from the management of these companies.
First Published on Jan 1, 2018 12:28 pm
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