Anti-profiteering body in talks with FMCG firms over GST rate cut benefits

The industry is, however, concerned over the lack of clear profiteering guidelines

The National Anti-Profiteering Authority is calling large fast-moving consumer goods companies to understand if last November’s GST rate cut benefits were passed on to consumers.

Only two FMCG companies, Hindustan Unilever and Nestle, have approached the quasi-judicial body voluntarily. The GST benefits include both rate cuts and input tax credit available. The GST Council had reduced rates for over 200 items of common use on November 10 and the changes came into effect from November 15.

The authority has held hour-long meetings with Reckitt Benckiser, Godrej, P&G, Nirma and Marico among a dozen companies at its Delhi office to understand