MAM
F1 India GP zooms ahead of other races
MUMBAI: While it was expected that viewers in the six major metros would have watched the first F1 Grand Prix that took place in Delhi last month, it now turns out that people in other parts of the country were tuning in as well.
Tam data (C&S4+ All India) shows that if an average race had a TVR of 100, then the F1 GP had a TVR of 725. This is even better compared to the six-metro performance where the TVR would have been 715.
In terms of how the other F1 GPs fared at an all India level, the Malaysian GP would have got a 183 TVR, the Australian GP a TVR of 178 and the Monaco GP a TVR of 78.
It remains to be seen if the excitement over the Delhi race spills over to the remaining races in the season.
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Audiences swell for India F1 GP
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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.
