Accused of profiteering from GST rate cuts, Nestle says 'had taken appropriate measures to pass on commensurate benefits'

The Director General of Anti-Profiteering (DGAP) has alleged that the fast moving consumer goods (FMCG) major Nestle has deprived customers of goods and services tax (GST) cuts of Rs 98 crore, according to sources. The DGAP last week submitted the investigation report to the National Anti-Profiteering Authority (NAA), the apex anti-profiteering body functioning under Ministry of Finance. The NAA w…