The Goods and Services Tax Appellate Tribunal has ordered instant noodle maker CG Foods to deposit over ₹90 lakh into the Consumer Welfare Fund. The tribunal found the company profiteered by not passing on a GST rate cut benefit to consumers. CG Foods increased base prices after the tax reduction, a move the tribunal rejected. from Top Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://retail.economictimes.indiatimes.com/news/food-entertainment/personal-care-pet-supplies-liquor/gstat-finds-wai-wai-noodles-maker-guilty-of-gst-profiteering/128103130
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