The anti-profiteering watchdog setup under the GST law has launched a probe into McDonald’s, Lifestyle and a Jaipur based HUL stockist for not passing on benefit of tax cuts to customers.

anti-profiteering watchdog setup under the goods and services tax (GST) law has launched an investigation into McDonald’s, Lifestyle and a Jaipur-based Hindustan Unilever Ltd (HUL) stockist for not passing on benefit of tax cuts to customers.

We had first reported on December 30 that the finance ministry has slapped anti-profiteering notices to three companies — Jaipur-based departmental store selling FMCG major Hindustan Unilever products, shopping outlet Lifestyle International and master franchisee of McDonald’s, Hardcastle Restaurants — as these entities did not pass on the benefit of GST given by the government to the final consumer.

 01 Jan 2018, 10:01 AM