Samsung fined over Rs. 37 lakhs for unfair profiteering

Samsung fined for Unfair Profiteering

Based on the recommendations of the GST council, the Government of India reduced the GST on TVs and power banks in January 2019. Earlier, the applicable GST on TVs was 28% which was brought down to 18% in January 2019. The suppliers of TVs and Power banks were supposed to pass on the benefits of GST reduction to their end consumers. The South Korean electronics goods supplier seems to have defaulted on this and has been alleged of unfair profiteering.  Rahul Sharma, a petitioner had alleged that Samsung did not…

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