Starbucks may face fine for ‘profiteering’ after GST rate cut

The anti-profiteering authority is set to fine coffee chain  Starbucks for not reducing prices of its products after the Goods and Services Tax rate cut. The tax authorities had questioned Starbucks about its prices and had issued two sets of letters seeking data after  GST was reduced. Starbucks shared data of its prices and costs in a detailed reply to the National Anti-profiteering Au…