MAM
Rajiv Gupta moves on from Honda Cars, joins Tricolite as CEO
New Delhi: Rajiv Gupta has quit as vice-president, sales & marketing of Honda Cars India. He will now lead Tricolite Electrical Industries as chief executive officer.
The Delhi based company is involved in manufacturing of custom-built electrical panels and switchboards.
Gupta has spent over five years at Honda Cars, an organisation he joined in April, 2016 as national head, sales planning, brand management and marketing communications. Prior to this, he was associated with Banyan Capital Advisors Pvt Ltd for investing, mentoring and scaling start-ups. He has also spent eight years as vice-president and head – retail channel management at Reliance Industries Ltd.
A graduate from Harvard Business School, Gupta’s first stint with Honda Cars began in 1996 as manager of marketing.
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.
