Samsung fined over ₹37 lakh for not reducing prices of TV post GST rate cut

NEW DELHI: India’s National Anti-profiteering Authority (NAA) has slapped a penalty of  ₹37.85 lakh on South Korean electronics major Samsung for not passing on the benefits of a cut in goods and services tax (GST) rates on television sets to consumers. Samsung was fined for not reducing the selling price of 32-inch LED TV 32FH4003 despite a cut in GST rates to 18% from 28% on television…