Cloudtail India fined Rs 11 lakh by GST anti-profiteering authority

The National Anti-profiteering Authority (NAA) has imposed a fine of Rs 1,079,000 on  Cloudtail  India, a joint venture between Amazon.com and N R Narayana Murthy’s family office Catamaran Ventures, for alleged profiteering. The case relates to the sale of printing cartridges after the goods and services tax (GST) was cut from 28 per cent to 18 per cent. An 18 per cent interest…