Brands
eBay gives fans of reality TV the chance to pitch ideas
MUMBAI: Two of the hottest pop culture icons in the US reality TV and online auction forum, eBay are coming together for the first time. The funds raised will go to a childrens foundation.
From 27 March 2004 at www.ebay.com/psiloveyou, reality TV fans who think they have the next blockbuster idea for a hit reality TV show will get their first of three chances to bid for the opportunity to pitch that idea to reality TV executives. 48 10 minute, face-to-face meetings with Los Angeles studio executives and reality TV show decision-makers will go up on the auction block in three phases of 16 three-day auctions each.
The high bidders will be invited to Los Angeles in May to pitch their ideas to 3 Ball Productions. The company produced the show For Love or Money. One finalist will then be invited to wow a major Hollywood television network studio and convince them to turn his or her idea into America’s next new reality series.
All proceeds from the auctions will go toward the P.S. I Love You Foundation. The non-profit organization is dedicated to assisting at-risk Southern California children through an array of education and community outreach programmes. In addition to the online event the foundation will have a fundraiser on 27 March in Manhattan. Ticket-holders to the gala will have the opportunity to bid on the first two face-to-face, reality TV pitch meetings at a live auction and raffle that evening.
They will also have the chance to rub elbows with dozens of reality celebrities from For Love or Money, The Apprentice, Survivor, Real World, The Bachelor, and others. They will be mingling and manning casino tables.
Brands
Jubilant FoodWorks faces Rs 47.5 crore GST demand, plans appeal
Tax authorities flag alleged misclassification of restaurant services
MUMBAI:Â 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.
