NAA questioning consumer goods and pharma organizations regarding GST prices

NAA questioning consumer goods and pharma organizations regarding GST prices

Overview

  • Post By : Khushboo Sharma
  • Source: ET Bureau
  • Date: 22 June, 2018

The National Anti-Profiteering Authority (NAA) are questioning around 150 consumer goods and pharma companies regarding their stocks with the distributors and stockists on June 30,2017 were sold at low cost after the GST rollout.

These were some of the questions the NAA investigators are looking for answers. The NAA issues a letter to top leading pharma organization including Nirma, HUL, P&G, Lupin and Sun pharma in last two weeks.

They have many questions which has to be asked with them such as what happened to the stocks which were held by the consumers and pharma companies which was with the distributers and stockists on June 30, 2017? What were the changes in the prices and what price was charged to the customer when these products were sold?

These were some of the questions the NAA investigators are looking for answers. The NAA issues a letter to top leading pharma organization including Nirma, HUL, P&G, Lupin and Sun pharma in last two weeks.

Where as many companies announced the cut price after the GST rolled out which were applied to the new stocks or those manufactured after July 1, 2017.

About Author

Khushboo Sharma

Khushboo Sharma

Actively working as an Editorial Member in Microbioz India.