GST profiteering: Rs 230-crore penalty on Johnson & Johnson

New Delhi: The National Anti-Profiteering Authority has slapped a Rs 230 crore penalty against baby products maker Johnson& Johnson for profiteering from cut in goods and services tax ( GST ) rates. “The methodology adopted by the respondent ( J& J) while computing the benefit of tax reduction was illogical, unreasonable, arbitrary, and incorrect, and hence cannot be accepted,” the authori…