NAA finds Whirlpool guilty for denying GST rate cut benefit worth Rs 4.07 lakh

Whirlpool Of India Ltd. | Consumer Durables - Domestic Appliances | Consumer Durables | BSE: 500238 | NSE: WHIRLPOOL

24 Jun 2020 Evaluate

The National Anti Profiteering Authority (NAA) has found Whirlpool of India guilty of not passing on GST rate cut benefit worth over Rs 4.07 lakh to its refrigerator buyers.

The Director General of Anti Profiteering (DGAP) investigated a complaint filed alleging profiteering on supply of 'Refrigerator Whirlpool FP313D Protton Roy Mirror' by not passing on the benefit of reduction in GST rates with effect from July 1, 2017, by way of commensurate reduction in price.

Whirlpool of India is the manufacturer and marketer of major home appliances.

Peers

Company Name	CMP
Crompt.Greaves Cons.	226.00
Whirlpool Of India	719.35
PG Electroplast	538.00
Bajaj Electricals	323.10
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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045

Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
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