Coming to the rescue of fast-moving consumer goods giant Nestlé, the Delhi High Court has again stayed National Anti-profiteering Authority’s (NAA’s) order to recover Rs 73 crore by March for not passing the benefits of the goods and services tax (GST) rate cut to consumers.
The stay, granted through an order issued on February 10, was given on grounds that Nestlé had already paid Rs 16.58 crore of the total demand of Rs 89.73 crore.
The NAA had in December upheld profiteering allegations on the ground that the firm had not passed on the benefits of reduction in GST in respect of