MAM
Red Chillies appoints Gaurav Verma as chief revenue officer
MUMBAI: Red Chillies Entertainment has appointed Gaurav Verma as its new chief revenue officer.
Verma, comes with an immense experience in exhibition and distribution. In the past seven years he has spearheaded the distribution of over 100 films in six major languages. Verma has been involved with some of the biggest and path breaking films like Raajneeti, Paan Singh Tomar, Delhi Belly, Barfi, Ship Of Theseus and Chennai Express.
In his previous role as Disney executive director theatrical distribution, Verma was handling worldwide theatrical distribution. Before Disney, Gaurav was head of distribution at PVR Pictures.
Making the announcement, RCE CEO Venky Mysore said, “As we work towards becoming a full-fledged studio, senior executive, with proven track records, such as Gaurav will play key roles. Our main endeavour is to develop high quality content and to disseminate it in ways that consumers are demanding it.”
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.
