MAM
Line bags ‘Best International Startup’ at 8th Annual Crunchies Awards
MUMBAI: Mobile platform, Line, has bagged the 2015 Crunchies Award for Best International Startup at the 8th Annual Crunchies Awards organised by Tech Crunch and VentureBeat.
The Annual Crunchies Awards is a ceremony to congratulate startups that achieved the most buzz that year, as well as praise the latest IT innovations. The 8th hosting of the event brought together the hottest startups at the Davies Symphony Hall in San Francisco on 5 February, 2015.
As a startup active on the global stage, Line was nominated for ‘Best International Startup’ from among 20 categories, beating out other nominated favourites like Kik, Spotify, Citymapper, EyeEm and more for the title of The 2015 Crunchies Award for Best International Startup.
Line spokesperson Damandeep Singh Soni said, “We are extremely proud to receive such an illustrious award, and would like to express our deepest gratitude to all users and everyone else supporting Line who voted for us. I look forward to sharing the joy of this award with all our employees, users, and fans. We hope to take this success and use it to provide an even more revolutionary and superior service in the future, and look forward to your continued support.”
Brands
Jubilant FoodWorks faces Rs 47.5 crore GST demand, plans appeal
Tax authorities flag alleged misclassification of restaurant services
MUMBAI: Jubilant FoodWorks Limited has landed in a tax tussle after receiving a GST demand of Rs 47.5 crore from the office of the additional commissioner of CGST and central excise in Thane, Maharashtra.
The order, issued under the provisions of the Central Goods and Services Tax Act, 2017, relates to an alleged incorrect classification of certain services under the category of restaurant services. According to the tax authorities, this classification resulted in a short payment of goods and services tax for the period between the financial years 2019-20 and 2021-22.
The demand includes Rs 47.5 crore in GST along with an equal amount as penalty, in addition to applicable interest. The order was received by the company on March 13, 2026.
In a regulatory filing to the BSE Limited and the National Stock Exchange of India Limited, the company said it disagrees with the order and believes its arguments were not adequately considered.
The company is preparing to challenge the decision and plans to file an appeal. It added that once the redressal process is complete, the demand is likely to be dropped.
Despite the sizeable figure attached to the notice, the company said it does not expect any material impact on its financials, operations or other activities.
The disclosure was signed by Suman Hegde, EVP and chief financial officer, who confirmed that the company received the order at 19:06 IST on March 13 and has already initiated steps to contest it.
The development places the quick service restaurant major in the middle of a tax debate that could hinge on how certain restaurant-linked services are classified under GST rules. For now, the company appears ready to take the matter from the tax office to the appeals desk.
