InvestorQ : Is HUL the only company to be fined for not passing on GST benefits to customers?
Ashok Patkar made post

Is HUL the only company to be fined for not passing on GST benefits to customers?

Answer
user profile image
Sadaf Khan answered.
2 years ago


No, Hindustan Unilever (HUL) is not the only company that has been fined by the National Anti-Profiteering Authority (NAA) for not passing GST rate cut benefit to its consumers.

This month itself, the NAA held two distributors - one a Johnson & Johnson products dealer and a bakery selling Cadbury and Nestle products - guilty of profiteering by increasing the product’s base price after the rate cut. What this did is keep the maximum retail price (MRP) of the product the same instead of passing on the rate cut to the customers.


user profile image
2 years ago


It is rather shoddy that HUL posted Ads in news papers quite a few time this year appreciating how GST has made product prices drop. Its a shame that they portrayed a positive side and were fleecing people behind the smoke screen. An example needs to be set to get the message across to other large-small manufacturers to mend their ways.