Brands
Essel is Nurturing Young Seeds with NYS Leadership League
MUMBAI: Nurturing Young Seeds, a venture of Essel Group, has created another milestone with the launch of NYS Leadership League which is one-of-its kind National Level leadership Competition for students. This leadership competition is organised in association with Essel Group and DishTV. NYS Leadership League will premiere on Zee News channel in the month of October this year.
It will be a lifetime opportunity for a whopping 50,000 students (registration still going on) across India to participate and get exposure on Leadership with the NYSLL. The target audience defined for this landmark leadership programme is 11-18 years. This will help children to get multiple opportunities and eventually emerge as leader.
Priti Goel, founder, Nurturing Young Seeds, said, “Nurturing young seeds leadership programme is a breakthrough in Indian education system. We launched this programme as we believe that every student should go beyond traditional school knowledge and sharpen their strengths. In this era of competition it is very important for students to garner leadership skills in order to stand out of the crowd. We at NYS, Dare the kids to dream”.
The auditions have begun and the last date of registration is 31 May, 2017.
NYS mission is to enable every child to know its potential and make them versatile so that they make a difference in this changing world. Each child is a leader and cannot be identified based on its academic results only.
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.
