Benefit of INR 4 Lacs GST Rate Cut, Not Provided to Buyers of Whirlpool Refrigerators: NAA

The National Anti-Profiteering Authority (NAA) has found Whirlpool, a consumer goods provider company in India, guilty for not passing the benefits worth Rs. 4 lakhs under the GST (Goods and Services Tax) rate Grab the information of revised GST slab rates on consumer products in India, Although GST council finalized the slab rates like 5%, 12%, 18% and 28% cut to the buyers. During an investigation conducted by NAA, the authority found that the company did not provide the benefit of rate-cut, under the supply of Whirlpool FP313D Protton Roy Mirror, since 1st July 2017.

The company had decided to increase the basic prices of the refrigerators even when the rate of GST was reduced to 28%. The authority has asked Whirlpool to reduce the prices. “Such a coincidence is incomprehensible, wrong and unheard of which shows that the respondent has deliberately tried to pocket the benefit of tax reduction to enrich himself at the expense of the vulnerable customers,” the National Anti-profiteering Authority (NAA) Get to know about complete guide of the anti-profiteering rules under GST in India. Also, we have attached Indian government provisional orders said.

The total amount of the benefit, as held by Whirlpool, from the period from 1st July 2017 to 31st August 2018 amounted to a total Rs. 4,07,451. The amount is based on pre and post-tax rate cut and outward supplies of taxable products. The authority has ordered the company to deposit the total amount to the consumer welfare funds along with an interest of 18%, within 3 months.