MAM
GET INTO THE FESTIVE SPIRIT WITH A HIGHLY REWARDING CHRISTMAS CELEBRATION BY CRED
This year has been difficult for most with the majority of the year going in adjusting to the new demands of a new world. CRED, keeping in line with their philosophy of ‘rewarding good financial behaviour’ is giving gifts to the creditworthy for making it through this year. Because surviving a year so tough and helping others in your circle to do the same is a good deed in itself.
How does a rewarding experience pan out for CRED members? Well, CRED Store gives members an opportunity to fill their Christmas stockings with their favourite brands from December 5th onwards till December 26th. With every purchase made on CRED Store, members will receive a ‘Gift of the day’ from the most exclusive brands. Members stand a chance to win big with brands shuffling daily with limited quantities. CRED has also planned a celebratory advent calendar for its members this festive season to make each day rewarding and exciting. On CRED’s Advent Calendar, there are some truly big jackpots planned for the members as a 12-day Christmas and New Year countdown from December 20th onwards to December 31st where members get to win a new jackpot reward from a range of exclusive brands such as Samsung, Puma, Hamleys, Kiehls, Isharya, Disney, Fabelle, boAt, Swiss and a lot more on a daily basis. One brand will be highlighted per day with whom members can engage with to win exciting rewards and also stand a chance to win amazing prizes, every day.
And for clearing their credit card bills on time, here are some exciting offers available on the CRED Store for them to purchase this festive season:
A Wardrobe Revamp
Exercise your fashion sensibilities and break away from your current regulars (read: pyjamas). Stand a chance to win from brands like Tata Cliq Luxury and India Lux, AJIO, Scotch & Soda, Vero Moda, Bombay Trooper and many, many more. You can put on a fashion show for yourself or your friends over a video call, or just wait for the lockdown to get over to bust a move.
For Views that Stay with You
Have your posts on social media reduced since the lockdown? Have you now resorted to posting #TBT photos (hey, no judgement)? Choose from various properties in Goa, Kerala, Coorg, Dubai, Maldives and more, who would love to host and pamper you and your family. For some much needed time off, book your vacation now and travel later as per your convenience.
Relax and Get InSPA-ired
These times are rough on many – and the best way to destress would be to a spa retreat at a hotel or just plain comfort. Invest in yourself now, and come out of this pandemic glowing. Have a look at the assortment of products from Brillare Science, Mamaeath, Raw Nature and Arata – your skin and hair will thank you later. For a peaceful night’s rest to calm your nerves, check out brands like Flo Mattress, SleepyCat, The White Willow, UrbanBed and more.
Add a Bit of Bling
You don’t need a reason to buy jewellery and don’t let anyone tell you otherwise. It’s a gift that fits every occasion, making it an ideal gift for many – even if it’s for yourself. Hope to win Isharya or Giva’s signature solitaire set or mini studs to complete your look.
Find Treats to Continue your Celebration
If food (and a hot beverage) is the way into your heart, then you will certainly love what CRED has to offer! Healthy Treats, The Ether Atelier Chocolat, EAT Anytime and 4700BC Popcorn come to your rescue for last-minute and healthy fixes to satisfy your munchies. To start your day with just the right amount of spring, add Vadham Team, Cafe Jei, Rage Coffee and Dope Coffee’s flavourful mix to your list of must-haves. Or why test your chances at winning a Scarters’ coffee mug made with coffee beans?
Switch to Easy Living with the Right Gadgets
Most of us try cutting down on unnecessary expenditure to make a big splurge, like buying yourself an amazing sound system or that awesome smartwatch you have been eyeing! Have yourself a movie night with Fire Boltt speakers. Select your gadget from an array of products from Google Home minis, Lifelong electric kettle, VYB smart bulbs or even a power bank.
Needless to say, CRED members have great treats waiting for them. Some people win big, while others still don’t get it!
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.
