8.95 (0.63%) Nestle India is examining the show-cause notice slapped by the National Anti-profiteering Authority (NAA) for not passing on GST benefits to customers and take the next course of action in due course. On December 12, the NAA imposed a penalty of Rs 90 crore on Nestle India for not passing on the benefit on rate reduction to 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.