@Ahmmm...!!

Wednesday, May 1, 2019

Starbucks found guilty of profiteering Rs 4.51 cr

The GST investigative arm has found Tata Starbucks guilty of profiteering to the tune of Rs 4.51 crore by not reducing prices of coffee despite a cut in the rate. Investigation by the DGAP has revealed that Tata Starbucks, the equal joint venture between the Tata and global coffee chain Starbucks, had hiked the base price of one its coffee variant after the GST Council cut tax rates on restaurants from 18 per cent to 5 per cent with effect from November 15, 2017.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2ZLSbCc
Share:

0 comments:

Post a Comment

Search This Blog

Powered by Blogger.

Definition List

Unordered List

Support

Need our help to upload or customize this blogger template? Contact me with details about the theme customization you need.