NAA : Holds HUL guilty of profiteering for not passing GST rate-cut benefit to consumers

NAA confirms Rs. 383 crores profiteering by HUL u/s 171 of CGST Act, observes that increase in profits was entirely due to increase in base price through which Respondent had denied benefit of tax reduction to his customers and appropriated the tax benefits himself; Notes that 12016 items were impacted by rate reductions on November 15, 2017, wherein 99.71% of sale value of total impacted items were affected by rate reduction from 28% to 18% and 0.29% of sale value were affec...