Post reduction in GST rates, McDonald’s restaurant chain held guilty of anti-profiteering

MUMBAI: The National Anti-Profiteering Authority (NAA) has recently passed an order against Hardcastle Restaurants, which operates quick-service restaurants under the brand name ‘McDonalds’ in the Western and Southern regions of India. The entity is registered as a supplier under the Goods and Services Tax (GST) Act in ten states.  NAA checks profiteering activities under the GST laws. Profit…