NAA: Holds Samsung India guilty of profiteering on ‘television & power bank’ supply

NAA upholds a case of profiteering against Samsung India to the tune of Rs. 38 Lakhs (approx.) under Rule 133 (1) of CGST Rules, 2017 on supply of television and power bank; Observers that selling price was not “decreased commensurately” despite reduction in GST rate from 28% to 18% w.e.f. January 1, 2019 vide Notification No. 24/2018-Central Tax, hence, Section 171 was violated; Rejecting Respondent’s plea that supplier was the distributor and not the Respondent, finds...