The National Anti-profiteering Authority (NAA) has slapped a penalty of Rs 37.85 lakh on the Samsung company for not passing on the benefits of a cut in goods and services tax (GST) on television sets and power banks to consumers. The complaint had been filed by Rahul Sharma through Local Circles. “The prices of the products affected by the rate reduction were not decreased commensurately, hence violating section 171 (1) of the CGST Act 2017,” NAA stated in its order dated February 27, a copy of which was reviewed by this publication. NAA had also mentioned in tis order that Samsung did not pass the benefit “with the intention of denying the benefit to consumers”. It is further stated in the order that Samsung will have to deposit the amount within three months from the passing of the order, failing which the amount would be recovered by the commissioners concerned of CGST and SGST.
