Delhi HC directs L'Oreal to pay fine for not passing on benefits of GST cut

The Delhi High Court has directed French cosmetics firm L'Oreal to pay a penalty for not passing on the benefit of reduced goods and service tax rates on their products to consumers.  The court was hearing a petition filed by LOreal India against a tax demand raised by the National Anti-Profiteering Authority (NAA) for allegedly not passing on the commensurate benefits to…