The GST anti-profiteering authority has found Hindustan Unilever Limited (HUL) guilty of not passing on rate cut benefits of ₹383 crore to consumers.
The complaint before the National Anti-Profiteering Authority (NAA) stated that although the Goods and Services Tax rate on a large number of products was cut from 28% to 18%, the consumer goods company had not reduced the maximum retail price of its products. The NAA, while passing the order, said that ₹383.35 crore worth “benefit has been denied” by HUL to its customers.