MoneyWorks4Me

Nestle India slapped with Rs 90 crore fine by NAA

12 Dec 2019 Evaluate

Nestle India has been imposed with Rs 90 crore fine by the National Anti-profiteering Authority (NAA) for not passing on the benefits of the Goods and Services Tax (GST) reduction to consumers. The company has taken appropriate measures to pass on commensurate benefits of GST to its consumers.

Nestle India is a subsidiary of Nestle S.A. of Switzerland, a vibrant company that provides consumers in India with products of global standards.

Peers
Company Name CMP
Nestle India 1384.15
Varun Beverages 441.80
Britannia Industries 4910.10
LT Foods 417.25
Hatsun Agro Product 1120.80
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