INSUBCONTINENT EXCLUSIVE:
New Delhi: The national anti-profiteering agency has slapped Rs 90 crore penalty on FMCG giant Nestle India for not passing on the benefit
of the goods and services tax (GST) reduction to consumers
It also asked Nestle to deposit the amount within three months.The maker of products, like Maggi and Kitkat, Nestle, "has denied the benefit
of tax reduction to customers in contravention of the provisions of Section 171 (1) of the CGST Act, 2017 and has thus
profiteered.""Profiteered amount as determined as Rs 89,73,16,384 as per the provision of Rule 133(1) of the above rules as has been
computed," the December 10 order said.