NAA finds Glenmark guilty of not passing GST rate cut on sanitary napkin to customers

New Delhi, Oct 22 (PTI) Anti-profiteering watchdog has held Glenmark Pharmaceuticals Ltd guilty of not passing GST rate cut benefit on sanitary napkin to customers. The all-powerful GST Council headed by the finance minister in July 2018 had reduced the tax rate on sanitary napkin from 12 per cent to nil and it was expected that the companies would pass on the entire benefit of rate cut to the cus…