Brands
P&G pledges Rs 50 crore for vaccine doses, as Covid2019 batters India
Mumbai: As India struggles to combat the record spike in Covid2019 cases, Procter & Gamble (P&G) announced on Monday that it will contribute towards the vaccination of over five lakh Indian citizens by pledging Rs 50 crore in partnership with government and local authorities in India.
For every P&G employee in India, the company will contribute towards the vaccination of 100 Indians, it said. The FMCG major said it will also cover the vaccination cost of its 5000+ employee force in India, and their eligible immediate family members.
With as many as 3,52,991 fresh Covid2019 cases and 2,812 deaths, India witnessed a new record high on Monday as the deadly second wave took a toll on the people. This is the fifth straight day that over three lakh cases have been recorded by the country.
P&G brands Whisper, Vicks, Pampers, Oral-B, Head & Shoulders and Pantene are partnering in this vaccination drive through their brand programs and will also continue to raise awareness on safety and hygiene in the country.
P&G Indian subcontinent CEO Madhusudan Gopalan said, “P&G is committed to playing an active role in India’s fight against Covid2019. Since the outbreak of the pandemic, through our #PGSurakshaIndia program, we have stepped up to support the health, safety, and wellbeing of our employees, our consumers and the communities. In the current situation and going forward, vaccines play a critical role in containing the spread of the virus.”
Contribution towards vaccines will be on top of P&G’s earmarked CSR funds for the current year. Under its #PGSurakshaIndia program, the company will also continue to donate products, in-house manufactured masks and sanitisers specially to aid frontline and essential workers who are tirelessly working to combat the spread of Covid2019.
The company said it will also continue to leverage its advertising and brand voice responsibly to increase awareness on health, safety and hygiene measures among consumers and the community.
It has so far donated more than 35 lakh health, hygiene and cleaning products (which include Whisper, Ariel, Tide, Vicks, Pampers etc) to the communities it operates in. P&G stepped up its manufacturing capabilities to produce masks and hand sanitisers to donate more than 15 lakh masks in the country’s fight against Covid2019.
Brands
Jubilant FoodWorks faces Rs 47.5 crore GST demand, plans appeal
Tax authorities flag alleged misclassification of restaurant services
MUMBAI: 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.
