Brands
Ayush ministry orders Patanjali to stop advertising Covid2019 drug
NEW DELHI: The Ayush ministry has asked Patanjali to immediately stop promoting and advertising its Covid2019 drug, Coronil, until such claims have been examined. Yoga guru Baba Ramdev yesterday launched the Ayurvedic medicine for treating Covid2019 patients claiming that it can cure the disease within seven days.
ICMR and Ayush ministry distanced themselves from the announcement of Patanjali’s medicine and said that such advertisements of drugs including Ayurvedic medicines come under the purview of Drugs and Magic Remedies (Objectionable Advertisements) Act, 1954. It has asked the brand to provide details of the name and composition of the medicine being claimed for Covid2019 treatment at the earliest.
"Ayush ministry has taken cognisance of news in media about ayurvedic medicines developed for Covid2019 treatment by Patanjali Ayurved Ltd,” said its statement.
The ministry has also asked to provide details for site(s)/hospital(s), where Patanjali conducted its research study for Covid2019 treatment and other details regarding protocol, size of the sample/s, clearance by Institutional Ethics Committee, registration with CTRI and results data of the study.
It has also requested Uttarakhand government’s licensing authority to provide copies of license and product approval details of Patanjali’s Coronil, the Ayurvedic medicine which is being claimed for the treatment of Covid2019.
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.
