MAM
D’damas offers upto 15 per cent discount on Raksha Bandhan
MUMBAI: On the occasion of Raksha Bandhan, D’damas has launched a Raksha Bandhan end of season sale offer of upto 15 per cent discount on all its various diamond jewelry brands till 5 September, 2005.
In an attempt to add the sparkle and dazzle of fine jewelry to this occasion, D’damas has made available this unique offer at all their outlets — D’damas (exclusive store Hughes Road), Pallazzio (Crossroads), Lifestyle Mall (Malad and Lower Parel), InOrbit Mall (Malad), Popley La Classique (Bandra), and Oyzterbay showrooms.
On purchase of diamond jewelry above Rs 20,000 one can avail a discount of 15 per cent. For all purchases between Rs 10,001 to Rs 20,000 there will be 10 per cent off and 7 per cent off for purchase upto Rs 10,000.
The following D’damas brands are part of the special Raksha Bandhan offer – Glitterati, Bridal range, Occasion Wear range, Unique Settings range, Origin and Victoria’s Desire, at prices ranging from Rs 1,000 and above.
D’damas offers a certificate from International Gemmological Institute with every diamond jewelry product. The brand has a host of brand ambassadors for their various products that include the likes of Amitabh Bachchan, Suneil Shetty, Akshay Kumar, Mahima Choudhry, Celina Jaitely, Simran, Lara Dutta, Sheetal Mallar and former Miss Universe Jennifer Hawkins.
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.
