GST NAA finds Philips India guilty of profiteering Rs 4.53 lakh

New Delhi, Jun 3 (PTI) The GST anti-profiteering authority has found Philips India guilty of not passing on GST rate cut benefit of more than Rs 4.53 lakh to consumers. The National Anti-Profiteering Authority (NAA) had ordered Directorate General of Anti Profiteering (DGAP) to conduct investigation into the complaint against the MNC firm for not reducing the price of its ''Food Processor'' after…