MAM
Attractive deals and discounts galore at True Balance commerce platform to mark our 73rd Independence Day
New Delhi: True balance in app commerce portal has announced great deals and offers to mark 73rd Independence Day. The sale kicked off on August 1st, 2019 and will run through the month of August. The initial days has seen a lot of traction and good engagement from consumers.
True Balance’s Awesome August offer which was kicked off on 1st August and will end on 14th August 2019 offers its users extra 50% Cashback on Handset Purchase from True Balance App. During this offer period 1 user will win this special cashback every day (weekends excluded), on Lucky draw basis. The second phase of the offer will start from 19th August and will last till 31st August, as per the offer 1 user will win 100% Cashback* (T&C) per week which will be determined through a lucky draw. To be eligible for this offer a user will have to purchase 2 or more smartphones from the app itself.
Bonus: #TrueAzaadi Campaign 12th August to 18th August
With its True Azaadi offer True Balance is offering its users upto 15% cashback on the purchase of mobile phones by using a promo code “INDIA15” specially designed for Independence Day celebration. This promocode is valid from 12th Aug-18th Aug and is applicable on all the handsets available site-wide with a minimum order value of Rs.1500.
Online shopping has gained popularity in the recent time and has made things easily available at only few clicks just at your doorstep. It is convenient and saves lots of time and money. Availability of handsets through True Balance application will help brand reach out to larger consumers especially from India tier- 2 and 3 where availability of products as per their budget and need is still a challenge through brick and mortar stores.
True Balance started off as a balance check application, the brand has evolved its model to move into financial services for that section of economy who need money for living to fulfill their basic needs. As part of their future strategy, True Balance is focused to provide financial products and services suiting their needs like – True PayLater, Recharge Loan, insurance etc.
True Pay later a service recently launched by the brand to fulfil the needs of their users to pay their electricity bills, mobile bills, and DTH recharges in two payments have achieved another milestone by crossing the mark of 1 million transactions. The new service was launched to tap customers who are unable to pay the whole amount of their monthly bills at once was received well by its user base of 70 million.
Brands
Jubilant FoodWorks faces Rs 47.5 crore GST demand, plans appeal
Tax authorities flag alleged misclassification of restaurant services
MUMBAI:Â 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.
