GST profiteering complaints highest among FMCG, realty companies

With finance ministry probing as many as 53 companies for not passing on the benefits of GST to final consumers, initial investigations show that the concentration remains the highest among real estate and FMCG companies. “Out of the total number of companies that we are probing (for a suspected case of profiteering), close to 70 percent of them are FMCG (fast moving consumer goods) companies,” a…