Brands
Gift of the jab: Wow! Momo to get employees vaccinated on 1 May
MUMBAI: In the wake of the second wave of the Covid2019 pandemic, Wow! Momo has offered free vaccination for its 2,500+ employees. As the country looks forward to starting its 18+ vaccination drive from 1 May 2021 onwards, the Indian fast-food chain made this announcement keeping in mind its employee’s safety and welfare.
Incidentally, Wow! Momo’s staff vaccination drive coincides with International Workers’ Day or Labour Day, observed all over the world on 1 May.
CEO Sagar Daryani said, “Vaccination begins at home; it’s our attempt to give our Wow! employees a completely safe working condition and a reassurance that we will stick with them come what may. This is also a reward for their resilience and passion; they have been with us through thick and thin last year and this is the least we would want to do”.
With this initiative, the company is trying to ensure the safety of both employees and customers, noted Wow! Momo national head Niloy Chakraborty.
“For us our employees are our first consumers – and this initiative is a testimony of our people first mentality. Amidst the crisis of the second wave of the virus where India is fighting the battle together every single day, employees have been standing by the company in their support and are of the utmost importance. The company has quoted ‘Woh Safe toh Guest Safe. Guest Safe to Country Safe’,” Chakraborty elaborated.
Wow! Momo & Wow! China has more than 350 outlets pan-India. The initiative also pledges the brand’s commitment towards safety, health and hygiene of its consumers. Be it delivery or take away; brand is ensuring all hygiene and safety standards.
“This is an initiative that is close to our heart; it marries our core values of people first and customer centricity to the need of the hour,” added Daryani.
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.
