NAA fines three P&G subsidiaries Rs 241 cr for profiteering on GST rate cut

Companies accused of not passing on benefit of lower rates to consumer by increasing prices on intervening night of November 14 and 15 from when GST rate reduction was notified

The National Anti-profiteering Authority (NAA) has slapped a fine of Rs 241 crore on three subsidiaries of the Procter & Gamble (P&G) group for alleged profiteering by not passing benefits of the reduction in the Goods and Services tax (GST) to consumers.

The NAA order found Procter & Gamble Home Products, Procter & Gamble Hygiene and Health Care, and Gillette India guilty of profiteering Rs 181 crore, Rs 2 crore, and Rs 58 crore, respectively. The authority set aside the penalty but directed the subsidiaries to deposit half of the profiteered amount in the central Consumer Welfare Fund (CWF) and the