Brands
Cantabil ties up with ecommerce marketplaces to debut SS’20 collection
MUMBAI: In order to strengthening its omnichannel strategy, Cantabil Retail India Ltd, made its debut in the e-commerce marketplace by entering into a venture with Flipkart, Amazon, Snapdeal and Paytm. With a total of 300+ stores across the country, this is the brand’s first among a series of online-retail initiatives that would be announced over the next year.
Cantabil director Deepak Bansal, in a virtual press conference, highlighted the growth strategy. “As we strengthen our presence both online and offline, we will continue to do whatever it takes to be there for all our customers, employees and other stakeholders. From a business perspective, we are continuously evaluating our ways to scale up cost-effectiveness and improve efficiency levels. While the pandemic has impacted both consumer behaviour and demand, we strongly believe that with trust and confidence that the brand has garnered over 20 years, we will surely come out stronger and stand in good stead.”
The brand also unveiled its spring-summer ’20 collection.
Cantabil CFO Shivendra Nigam said, “E-commerce will play a pivotal role Covid2019 for the retail sector, as it will play a key role in maintaining market equilibrium. It is expected to bring back the sales for numerous retail players and for us, it would definitely be one of the key growth drivers moving forward.”
The apparel manufacturer also plans to invest in digital to provide innovation lead a shopping experience to the customers, "Lockdown has pushed us into increasing our innovation and IT budgets, we are strategising in bringing world-class technology solutions to our brand. We are implementing ERP Navision by Microsoft, which shall be completed by this year," said Bansal mentioned.
Adhering to the guidelines issued by the central and state governments, as well as with the permission from local authorities, Cantabil re-opened all its exclusive brand stores in the orange and green zones across the country. All the stores were rigorously sanitized before restarting the business, the brand also rolled out a Standard Operating Procedure (SOP) to ensure the well-being of both staff and customers.
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.
