GST rate cut Starbucks made undue profit of Rs 4.5 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 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.







