Wednesday, August 10, 2022

ਵਾਹਿਗੁਰੂ

spot_img




Samsung rapped for not passing GST benefits to consumers

New Delhi, April 19, 2019-

The Directorate General of Anti-Profiteering (DGAP) has served a notice on technology major Samsung India for allegedly not passing on the benefits of GST reduction to its customers and in turn making undue profits, sources said.

The notice, sources said, was served on the basis of a complaint that alleged the company was not tranferring the rate cut in the Goods and Services Tax (GST) on television sets to the consumers.

In December, the GST Council reduced the tax rate on televisions with screen sizes of up to 32 inches to 18 per cent from 28 per cent, which came into effect on January 1, 2019. Earlier, only the television sets with screens up to 26 inches were in the 18 per cent tax slab.

The anti-profiteering body, which functions under the GST Council, has also sought documents of sales made by the company.

A Samsung India spokesperson said: “Samsung reduced its sales price according to GST reduction with effect from January 1, 2019. We are cooperating with DGAP on this matter.”

Sources said the complaint refers to only one of the company television models and that the company will reply to the notice soon.

Non-transmission of rate cuts to consumers violates Section 171 of the Central Goods and Services Tax Act which mandates that any reduction in tax rates on goods and services or benefits of input tax credit should be passed on to customers through reduction in prices.

The duty of the anti-profiteering agency is to conduct investigation and collect evidence necessary to determine whether the benefit of reduction in the rate of tax on any goods or services has been passed on to the recipient by way of commensurate reduction in prices, in terms of Section 171 of the CGST Act, 2017.

Several companies have faced action from the anti-profiteering body over numerous complaints filed by consumers.  (Agency)

- Advertisement -

Yes Punjab - TOP STORIES

Punjab News

Sikh News

Transfers, Postings, Promotions

- Advertisement -spot_img

Stay Connected

23,011FansLike
113,984FollowersFollow

ENTERTAINMENT

National

GLOBAL

OPINION

Need for speed: The 5G promise, its enablers and roadblocks – by T.V. Ramachandran

The US Federal Communications Commission (FCC) recently proposed revising the definition of broadband to a minimum download speed of 100 mbps, and uploads at...

Civil services have to improve for better governance – by DC Pathak

There is a widely shared view that the All India Services, which provided the 'steel frame' of governance in a democratic India, granting Constitutional...

Will Pak Army Chief Bajwa or his successor reconcile ties with India? – by Rana Banerji

New Delhi, Aug 2, 2022- On July 25, the Supreme Court's three Judge bench headed by Chief Justice Omar Ata Bandial controversially struck down...

SPORTS

Health & Fitness

Low vitamin D could be behind chronic inflammation

Sydney, Aug 8, 2022- Researchers have found a direct link between low levels of vitamin D and high levels of inflammation. The findings, led by a team from University of South Australia, provides an important biomarker to identify people at higher risk of or severity of chronic illnesses with an inflammatory component. Inflammation is an essential part of the body's healing...

Gadgets & Tech

error: Content is protected !!