Nestle India Ltd.

BSE: 500790 | NSE: NESTLEIND
Large Cap | Consumer Food
1456.65
-6.55 (-0.45%)
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Nestle India slapped with Rs 90 crore fine by NAA

Date: 12-12-2019

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.