Even as its term is nearing an end, the country’s profiteering watchdog has widened probe against fast-moving consumer goods (FMCG) and consumer durables companies for not passing on reduced goods and services tax (GST) rate benefit to consumers in a timely manner. Sources said ITC and Patanjali Ayurveda are also being investigated apart from the earlier known names of Procter & Gamble (P&G), Johnson & Johnson (J&J), and Samsung, among others.
Most of the firms have denied all such charges. GST rules mandate businesses to pass on the benefits from lower tax incidence, arising ...
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