December 25, 2018 8:25 AM | HUL

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HUL found guilty of profiteering ?383 crore

The GST anti-profiteering authority has found Hindustan Unilever Limited, HUL guilty of not passing on rate cut benefits of 383 crore rupees to consumers. 

The complaint before the National Anti-Profiteering Authority stated that although the Goods and Services Tax rate on a large number of products was cut from 28 per cent to 18 per cent, the Hindustan Unilever had not reduced the maximum retail price of its products. 

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