Jubilant FoodWorks Ltd (JFL), the quick-service restaurant operator, has received a GST show cause notice proposing a GST demand of ₹46.90 crore, according to a regulatory filing. The notice alleges that JFL reversed Input Tax Credit (ITC) in an “incorrected table” while filing its GST return. JFL, which has franchise rights for global QSR brands including Domino’s and Popeyes, says it will challenge the notice and its proposed demand. The company states that it believes the GST department’s notice does not consider the merits of the submissions it has filed. JFL says it is in the process of submitting detailed objections within the timelines set out in the show cause notice. After these filings, the company expects the impugned notice and proposed demand may be dropped. JFL also asserts that the alleged wrong presentation or classification related to ITC reversal has no financial impact on the company. The company received the show cause notice on July 13.
Jubilant FoodWorks receives ₹46.9 crore GST demand notice; to challenge claim
Jubilant FoodWorks Ltd (JFL), the quick-service restaurant operator, has received a GST show cause notice proposing a GST demand of ₹46.90 crore, according to a regulatory filing. The notice alleges t...
- Jubilant FoodWorks Ltd (JFL) receives a GST show cause notice proposing a demand of ₹46.90 crore (₹46.9 crore).
- The notice alleges incorrect reversal of Input Tax Credit (ITC) due to an “incorrected table” in GST return filing.
- JFL says it will challenge the notice and believes the department did not consider its submissions’ merits.
- The company is filing detailed objections within the stipulated timelines under the notice.
- JFL states the alleged ITC presentation/classification issue has no financial impact.
New Delhi, Jul 14: Jubilant FoodWorks Ltd (JFL), India's leading quick-service restaurant chain operator, has received a GST demand notice for Rs 46.9 crore, according to a regulatory filing by the company.JFL said it will challenge the GST department's notice.The show cause notice alleges that the Input Tax Credit (ITC) has been reversed in the "incorrected table" while filing the GST return of JFL, said the flagship company of the Jubilant Bhartia Group.Cube Highways Trust Receives Strategic Investor Commitments Ahead Of Its Public Listing Through A ₹5,000 Crore IPO."The company has received a show cause notice (SCN) from the GST Department proposing a GST demand amounting to Rs 46,90,96,051," said JFL, which has franchise rights for global QSR (quick-service restaurant) brands such as Domino's and Popeyes.The Bhartia family-promoted firm said it "believes that the SCN issued has not considered the merits" of the submissions filed by the company."The company is in the process of filing detailed objections within the stipulated timelines as per the SCN. Post such filings, the impugned SCN and proposed demand is likely to be dropped," it said.JFL also said that the "alleged wrong presentation/classification of ITC reversal" has "no financial impact" on the company.JFL received the show cause notice on July 13.
2 hours agoJFL said it will challenge the GST department's notice
4 hours ago
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