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CCI to pass verdict on GST profiteering complaints from Dec 1; NAA to wind up - Jammu Kashmir Latest News | Tourism

NEW DELHI, Nov 24: From December 1, all complaints related to GST profiteering will be dealt with by India’s antitrust watchdog Competition Commission of India (CCI), in place of National Anti Profiteering Authority, a government notification said. Currently, all consumer complaints of companies not passing on GST rate cut benefits are investigated by the Directorate General of Anti-profiteering (DGAP), which then submits its report to the NAA. The NAA then gives a final ruling on such complaints. Since the tenure […]

CCI to handle GST profiteering complaints; NAA to wind up

More pain ahead for FMCG makers

Shoppers are being very careful about spending on non-essential items amid inflationary pressures, raising worries about near-term volume growth at fast-moving consumer goods (FMCG) makers including Hindustan Unilever Ltd, ITC and Britannia. This comes at a time when consumer goods makers are already struggling to cope with rising prices of everything from wheat to oil,

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