Patanjali Ayurveda has been ordered by National Anti-Profiteering Authority to pay up Rs 75.08 crore for not passing on benefits of goods and services tax (GST) rate reduction on to consumers. According to the order passed, the company is to deposit the amount, along with 18% GST, to consumer welfare funds of Centre and the states within three months. The authority also set aside arguments that the investigation was violative of its Constitutional right to do business in the country. “The contention is not correct since the authority or DGAP has not acted as a price controller or regulator,” the authority noted.
