MAM
Onsitego launches a fund to support service partners during COVID-19
MUMBAI: After-sales services company Onsitego recently announced the ‘Onsitego Cares Fund’ initiative, introduced for financial assistance to employees and service partners facing distress during the time of lockdown. Any employee or service center staff affected by the COVID-19 pandemic in need of funds, can make use of the ‘No Questions Asked’ Onsitego Cares Fund.
The company is extending interest-free funds of up to Rs. 12 lacs to select service partners that can be repaid anytime. Service center staff can write to the email ID provided to them mentioning the name and reason why they would like to use the fund. Onsitego will then process the payment within 24 hours without asking any questions.
For employees, it is providing a total grant of Rs. 10 lacs. Employees earning under Rs. 40,000 are entitled to an amount of up to 7 days of pay. Onsitego highlights that this is not an advance against salary and that employees who use this fund will not have to repay later.
Speaking about the initiative, Kunal Mahipal, CEO of Onsitego said, “We are happy to support our teams and partners in any way we can during this turbulent time. We have created a fund which would be of help to thosewho have been affected, directly or indirectly by the COVID 19 and need financial support. Our people havealways been our greatest strength and support,and I think it is important that we stand by them today when they are in need.“
The Onsitego Cares Fund will be available to employees and service partners across the country till the lockdown is discontinued by the Government.
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.
