MAM
Asianet ropes in three sponsors for Christmas Day
BENGALURU: The Star Network’s Malayalam GEC Asianet has roped in Josco Jewellers as Christmas Day sponsor with Malabar Gold and Kalyan Silks as co-sponsors.
The channel has announced special fare for Christmas day this year.
Christmas day Asianet kick starts with a Christmas choir – Gloria at 6.30am, followed by Christmas Sandesham at 7.00 a.m. and Vellithirayile Nithyavasantham, a chat show with veteran actress Sheela at 7.30 a.m.
A special programme, Happy Christmas Daa Thadiya, will be aired at 8 a.m followed by a comedy skit Pappiyude Happy Christmas at 8.30 am. A special programme on the movie Kammath & Kammath titled Kammath KUdumbathile Kalyana VIseshangal will be aired at 9 am. The channel has also lined up a 5.30 pm a chat show with Malayalam Mammootty and director Ranjith.
Besides its regular programmes, Asianet will also telecast World movie premiers of three movies Usthad Hotel, The King & The Commissioner and Mayamohini.
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.
