MAM
Asia Society India Centre board names Sangita Jindal new chair
Mumbai: The Asia Society India Centre Board has announced the election of Sangita Jindal as the new chair of the board. Her role will be effective from 1 April 2024. “I am so delighted to welcome Sangita Jindal as chair of the Asia Society India Centre Board. She has been an immense support to our mission in South Asia and her work to support contemporary art in India and South Asia has been a transformative force; I look forward to working with her to strengthen Asia Society’s footprint in South Asia,” said Asia Society India Centre CEO Inakshi Sobti.
Sangita Jindal is president, of Art India and chairperson of the JSW Foundation, which is responsible for the social development projects of the JSW Group of Companies. In the twenty years that she has been spearheading the JSW Foundation, it has enlarged its scope of activities in the areas of education, health, livelihood creation, local sports development and conservation of arts and cultural heritage. She established the Jindal Arts Centre in 1992 and founded Art India, India’s premier art magazine, in 1994. She was among the team that conceptualised the Kala Ghoda Arts Festival and was awarded the Eisenhower Fellowship in 2004. She has founded the Hampi Foundation that has undertaken conservation work at three temples in Hampi. She is a Global Trustee of Asia Society and a member of the Board of the National Culture Fund, Trustee of the World Monument Fund, advisor to TEDxGateway and a member of the IMC Ladies’ Wing Art, Culture and Film Committee.
Founded in 1956 by John D. Rockefeller 3rd, Asia Society is a nonpartisan, nonprofit institution with major centers and public buildings in New York, Houston and Hong Kong, and offices in Los Angeles, Manila, Melbourne, Mumbai, San Francisco, Seattle, Seoul, Sydney, Tokyo, Washington, D.C. and Zurich. The India Centre was founded in 2006; it is the only Asia Society Centre in South Asia and aims to encompass all of the subcontinent in its mission to bring together diverse perspectives on modern Asia and cultivate a nuanced understanding of Asia-Pacific affairs. To learn more about Asia Society India, head to asiasociety.org/india.
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.
