Jubilant FoodWorks Faces GST Demand of INR 47,50,03,538; Company to File Appeal

Key Highlights

• Jubilant FoodWorks has received a demand order from the Additional Commissioner, CGST & CX, Thane, Maharashtra.
• The demand is related to the incorrect classification of certain services rendered under 'Restaurant Services', resulting in a short payment of GST.
• The Company has been demanded to pay INR 47,50,03,538 as GST, INR 47,50,03,538 as penalty, and applicable interest.
• The Company believes that the order passed is incorrect and is in the process of filing an appeal in the said matter.
• Post such redressal process, the impugned demand is likely to be dropped.