MNCs cite vague reasons for not passing on GST rate cut benefit

MNCs which were pulled up for not cutting prices post GST implementation, have argued before the anti-profiteering authority that prices of some products could not be lowered as there was difficulty in adjusting them to decimal points. The authority, in turn, has asked these MNCs why they could not adjust the quantity so that the benefit of GST rate cut could be passed on to the consumers. The aut…