The Delhi High Court (HC) on August 24 heard 37 anti-profiteering pleas, including the ones filed by Johnson & Johnson (J&J) and Hindustan Unilever (HUL).The court also heard petitions by Reckitt Benckiser, Patanjali Ayurved, Philips India, Jubilant FoodWorks, and IFB, Business Standard reported.The companies questioned the constitutional validity of the anti-profiteering rules under Section 171 of the Central GST (CGST) Act.Close The Delhi HC adjourned the matter to November 3. It also served a notice to the Attorney General of India over the constitutional validity of the provision, the report said.Companies are accused of 'profiteering' when they deliberately do not pass on the benefits for a GST rate cut to customers through the final price."While the court would initially decide the aspect of the constitutional validity of Section 171 of the CGST Act, the determination of the quantum of profiteering cannot be ignored and hence, would have to … [Read more...] about Delhi High Court hears anti-profiteering pleas by Johnson & Johnson, HUL
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In pics | Here’s how much top advertisers have spent in first half of 2020
While advertising this year has taken a hit due to coronavirus, brands are showing a strong comeback. One category that was most resilient in times of COVID-19 has been FMCG. Along with FMCG, brands from other categories have spent across mediums on advertising. At rank number one on the list of top 10 advertisers is Hindustan Unilever. The advertiser spent Rs 1,300 to Rs 1,500 crore in H1 2020. (Image: HUL) FMCG as a category saw its share going up to 38 percent in 2020 so far, up from 33 percent in the full year 2019. So, it doesn't come as a surprise that on the second position is another FMCG brand that became a top spender in advertising in the first half of 2020. A distant second, P&G spent Rs 250 to Rs 350 crore. (Image: P&G) Reckitt Benckiser jumped eight ranks from last year and in H1 2020 took the third spot. This brand also spent around Rs 250 to Rs 350 crore. (Image: Reuters)Close E-commerce as a category has spent Rs 813 crore in the first half of 2020. One … [Read more...] about In pics | Here’s how much top advertisers have spent in first half of 2020