NAA: Confirms Rs. 75 Cr profiteering allegation against Patanjali Ayurveda, upholds power for 'suo-moto investigation'

NAA directs Patanjali Ayurveda Ltd. to reduce the prices in respect of various products while upholding profiteering to the tune of Rs. 75 Crores (approx.) for not reducing selling price despite reduction in GST rate from 28% to 18% and 18% to 12% w.e.f. November 15, 2017; Directs deposit of profiteered amount in CWF along with 18% interest, observes that, “benefits can also not be passed on at the entity/organisation/branch level as the benefits have to be passed on to eac...