Lifestyle penalized for not passing on lower GST benefits

Piling pressure on Indian companies to pass on the benefits of rate cuts under the goods and services tax (GST) to consumers, the national anti-profiteering authority(NAA) has penalized retailer Lifestyle International for not reducing the prices of a product even after a reduction in GST rates. This is the second such order against a company by NAA which penalized Pyramid Infratech last…