Starbucks guilty of overcharging customers by Rs 1.04 cr: Monitoring agency

India’s profiteering watchdog has found Tata  Starbucks  guilty of not passing on the benefit of reduced goods and services tax (GST) rates to consumers to the tune of Rs 1.04 crore, and escaping penalty. The national anti-profiteering authority (NAA) has ordered the coffee chain to deposit the profiteered amount in the consumer welfare fund, along with 18 per cent interest within three…