MAM
BookMyShow bags exclusive ticketing rights for IPL 2022
Mumbai: Ticketing and entertainment platform BookMyShow has been appointed as the exclusive ticketing partner for the 15th edition of the Indian Premier League (IPL), slated to begin from 26 March.
Along with the ticketing rights, BookMyShow will also manage venue services for all stadiums including gate entry and spectator management for the Tata IPL 2022, which will be played across Mumbai, Navi Mumbai, and Pune, according to the statement.
The IPL 2022 will kickstart its first match on Saturday at the Wankhede Stadium between defending champions Chennai Super Kings and Kolkata Knight Riders.
The Wankhede and the Brabourne stadia in Mumbai will host 20 matches each, while the DY Patil Sports Stadium in Navi Mumbai will host 15 matches and the MCA International Stadium in Pune will host 15 matches.
The Board of Control for Cricket in India (BCCI) is yet to announce the venue for the playoffs and final matches.
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.
