MAM
D’damas, World Gold Council launches Gold Expressions 2005
MUMBAI:World Gold Council in association with D’damas has launched Gold Expressions 2005. Bollywood icon Lara Dutta unveiled the non-conventional collection is a range of fine gold jewellery designed by Italian craftsmen in Mumbai.
Lara Dutta is also the face of this unique collection, the advertising campaign of which was shot in Rome recently.
Commenting on the launch of Gold Expressions 2005. , D’damas managing director. Mehul Choksi, said,” Italian designs have always been of high aspirational value to Indian women and we at D’damas considered it just appropriate to introduce a jewellery line, quintessentially Italian, that will give our discerning customers what they want, right here in India.
” It is our privilege to be associated with the World Gold Council for Gold Expressions 2005 and we hope to continue this association for long. Lara Dutta is just the appropriate face to represent the conscious women of today who is fashion-savvy and would go ahead and pamper herself with gold.”
World Gold Council managing director Sanjeev Agarwal said,”Italy has always been the pivot of excellence in design and innovation, be it cars, fashion, or jewellery. Italy boasts of some of the most accomplished maestros of the design culture. India now finds itself at crossroads, where it is witnessing a revolution of sorts in the jewellery design sector. The Indian consumer is now ready to experiment with designs which break the shackles of traditional jewellery. This is a perfect platform to introduce both consumers and designers to the global design styles of Italian virtuosos.”
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.
