Starbucks may face fine for ‘profiteering’ after GST rate cut - ET Retail
Tax authorities had questioned Starbucks about its prices and had issued two sets of letters seeking data after GST was reduced.;
- The anti-profiteering authority is set to fine coffee chain Starbucks for not reducing prices of its products after the Goods and Services Tax rate cut.
- The tax authorities had questioned Starbucks about its prices and had issued two sets of letters seeking data after GST was reduced.
- had argued that the denial of input tax credits had neutralised the cut in GST and thus its operational costs were not impacted.