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GST investigation arm finds P&G India guilty of profiteering Rs 250 crore

Updated : April 23, 2019 02:59 PM IST

Based on a complaint filed before the standing committee, the Directorate General of Anti profiteering (DGAP) investigated the books of accounts of P&G India pre and post November 15, 2017, and concluded that the consumer goods manufacturer has not lowered prices of certain of its products despite cut in GST rate to 18 percent from 28 percent.
"The DGAP report has concluded profiteering worth Rs 250 crore by P&G. The National Anti Profiteering Authority will pass a final order on the quantum of profiteering after hearing the company's views," an official said.
GST investigation arm finds P&G India guilty of profiteering Rs 250 crore

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