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 Directorate General of Anti-Profiteering has revealed that Tata Starbucks had hiked the base price of one of its coffee variants after the GST Council cut tax rates on restaurants from 18% to 5% with effect from November 15, 2017.
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