Brands
Gulf Oil offers CSK fans a ride aboard the fan bus
MUMBAI: Gulf Oil Lubricants India Ltd, a Hinduja Group Company, has announced the gulf fan bus as the official vehicle for the fans of Chennai Super Kings (CSK).
The bus, splashed in CSK and Gulf colours, embodies the partnership between Gulf Oil and CSK in the latest edition of the Indian Premier League (IPL).
Gulf Oil Lubricants India MD Ravi Chawla says, “We dedicate the gulf fan bus to all the fans of CSK. As the principal sponsor of team CSK, Gulf Oil is committed to connect the fans and the franchise through this unique initiative. In this context, the bus is a mode of the journey as well as a destination unto itself.”
Last week, Gulf Oil brand ambassador and team skipper, MS Dhoni, hopped on to the bus impromptu and urged his teammates to do so. What followed is unheard of in the history of the IPL—the entire team partied their way to the Chepauk for their debut practice session. The likes of Dhoni, Dwayne Bravo, Harbhajan Singh, Imran Tahir and others waved to the thousands of fans who lined up on the streets to wave back at their favourite players.
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.
