HC : Bombay HC stays Rs. 7.5 crores recovery in anti-profiteering matter against McDonald's franchisee

Bombay HC grants stay against recovery of Rs. 7.5 crores (approx) payable as per order of National Anti-Profiteering Authority (NAA); NAA had held franchisee of McDonald's guilty of profiteering for increasing base price despite reduction in GST rate from 18% to 5% w.e.f. November 15, 2017 vide Notification No. 26/2017 - Central Tax (Rate); NAA had further directed that amount profiteered sho...