India’s largest consumer goods company Hindustan Unilever Ltd (HUL) said on Wednesday that it would consider “legal options” after the GST anti-profiteering authority found FMCG player guilty of not passing on rate cut benefits to consumers. The National Anti Profiteering Authority (NAA) on Monday passed an order saying that Rs 383.35 crore worth “benefit has been denied” by HUL to his customers.
As per GST rules, 50 per cent of the amount profiteered or Rs 191.68 crore is required to be deposited by the company in the central consumer welfare fund (CWF), while the balance amount is to be deposited in the CWF of concerned states where the company sold its products, according to a PTI report.