Starbucks may face fine for ‘profiteering’ after GST rate cut - ET Retail

Starbucks may face fine for ‘profiteering’ after GST rate cut - ET Retail

  • 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.


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