The National Anti-Profiteering Authority (NAA) has found L'Oreal India and India Bulls Real Estate guilty of profiteering. Both the companies have not passed on the benefit of GST to the customers. The NAA said that L'Oreal has made a profit of Rs 186.39 crore, while India Bulls has made a profit of Rs 6.46 crore.
A Directorate General of Profiteering (DGAP) investigation found that the GST on many goods was reduced from 28 percent to 18 percent. But L'Oreal did not pass on the benefit to the customers despite the reduced GST on face wash, shampoo, and some makeup products from November 15, 2017. On this basis, the company has been ordered to deposit 50 percent of the profiteering amount of Rs 93 crore in the Central Consumer Welfare Fund and the rest in the state funds.
order to reduce product prices
With this, DGAP has ordered the company to reduce its prices. It investigated L'Oreal between November 2017 and December 2018, in which this information was found. It said that the company did not reduce any price at that time and it caused a loss to the customers.
On the other hand, India Bulls was told by the regulatory house that it did not pass on the benefit of an input tax credit of 6.46 crore to the home buyers. An inquiry was conducted on the complaint of a home buyer and this information came to light. India Bulls has been ordered to return the amount with interest at 18 percent per annum.
LIC ADO Result 2023: LIC ADO Prelims result declared, see roll number from this link, 1.85 lakhs will give mains
Today can be a decisive day for the candidates who appeared in LIC ADO Prelims. The results of the online preliminary examination conducted on March 12, 2023, in the first phase under the prescribed
Covid-19 in India: 2 people died in two days in the country; Active patients increased rapidly in these states including Maharashtra
Corona cases have started increasing once again in the country. After Kerala, Karnataka, there is a continuous increase in Covid cases in Maharashtra. Even cases of death have been reported in many
OPD services halted across the country: Doctors took to the streets in Delhi and NCR, staged massive protests; demanding justice
Doctors across the country are protesting at various places against the rape and murder of a female doctor in Kolkata. Doctors' protests are continuing in Delhi and NCR as well. Doctors are protesting
'I haven't heard anything...' Smriti Mandhana's big revelation on Virat Kohli's video call, told this reason
RCB won the WPL trophy by defeating Delhi Capitals on Sunday night at the Arun Jaitley Stadium in Delhi. After this victory, Virat Kohli congratulated Smriti Mandhana on the victory over video call.
PM Modi: Prime Minister Modi leaves for Saudi Arabia; Many agreements will be signed; These issues can be discussed
Prime Minister Narendra Modi is on a visit to Saudi Arabia today. This visit is taking place at the invitation of Saudi Crown Prince Mohammed bin Salman. The Prime Minister will be in Jeddah city on
IND vs ENG: 'Bumrah will play three matches', de Villiers lashed out at Gambhir and the team management, gave the example of Dale Steyn
The second match of the five-match Test series between India and England will be played at Edgbaston in Birmingham from July 2. Team India had to face defeat in the first Test at Leeds. After this,
RJD, JDU, HAM convened legislature party meeting: Nitish may leave NDA alliance; Tejashwi will brainstorm on the role in the new government
In Bihar's politics, Tuesday will be auspicious for some and it will be inauspicious for others. A major reshuffle is expected in the state's politics. It is being speculated that Chief Minister
Tamil Nadu will implement the 'Delhi Model School Scheme', today Arvind Kejriwal will launch it
The Tamil Nadu government is now preparing to open schools based in Delhi. The Stalin government is all set to inaugurate the 'School of Excellence and Model' scheme on Monday. This scheme is to
'How can the Chief Justice be involved in the selection of the CBI Director', the Vice President raised a big question.
Vice President Jagdeep Dhankhar has made a big statement on the division of powers. He said that in a country like ours or any democracy, how can the Chief Justice be involved in the appointment of
Death sentence to 5 people in Iran: These protesters were accused of killing a soldier, 11 including 3 children were jailed
Five anti-hijab protesters have been sentenced to death in Iran. According to the statement issued by the Judiciary Department, imprisonment has also been announced for 11 people. These include 3
