NAA finds Whirlpool of India guilty

Whirlpool

Highlights :

NAA finds Whirlpool of India guilty of denying GST rate cut benefit worth ₹ 4.07 lakh
The Profiteered amount to be deposited along with 18 % interest
Also the price of the product to be reduced

NAA National Anti Profiteering Authority found Whirlpool of India guilty of denying GST rate cut benefit worth ₹ 4.07 lakh to its refrigerator buyers.

The Director General of Anti Profiteering DGAP investigated a compalint filed alleging profiteering on supply of "Refrigerator Whirlpool FP313D Protton Roy Mirror" by not passing on the benefits of reduction in GST rates.

The investigation found that Whirlpool has increased the basic price of the product when the rate of GST was reduced to 28%.

The authority directed Whirlpool of India to deposit the Profiteered amount, along with 18% interest in consumer welfare fund within 3 months.

It also asked the company to reduce the price of the product so that the benefits of tax reduction is passed on to customers.

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