MAM
Delhi to host Lakme India Fashion Week 2004
MUMBAI: Hot on the heels of the recently concluded Lakme India Fashion Week With Liberty 2003 (LIFWL 2003) in Mumbai, the event organisers the Fashion Design Council of India (FDCI) has announced that next year’s edition will take place in Delhi. Sony Entertainment Television has bagged the rights of telecasting the show for a 3-year period starting 2003.
The Delhi event will see the latest fashion trends being unveiled as well as discussions on the fashion business. FDCI’s executive director Vinod Kaul said:” This year saw an increase in buyer turnout to 400 as compared to 200 buyers last year. This included the first time participation of buyers from Paris. We hope to continue with this trend in LIFWL 2004.
“The venue for next years LIFWL is being announced much in advance by FDCI to enable the designers to prepare for the event in advance. FDCI is working on an increased participation in the event from international buyers.”
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.
