MAM
Samsung launches ‘Ek Size Bada Milega Kya’ promotion offer on colour televisions
MUMBAI: Catching in on cricket World Cup fever, digital technology leader Samsung India has unveiled its special colour television promotion offers called ‘Ek Size Bada Milega Kya’.
This scheme, which offers assured gifts or an attractive upgrade offer with select Samsung 21″ and 29″ Slim TV or Flat TV models, is available pan India, between 7 March and 21 April. “The basic idea behind this promotion is to give consumers a chance to move up the value chain and enjoy the benefits of a larger screen TV or a Slim TV without paying the additional differential,” states R Zutshi, Dy managing director, Samsung India.
The company is also making available triple zero per finance offer and 5% cash back offer on its entire LCD range during the Promotion period.
Samsung also boosted its Slim TV offering in the month of February by launching the World’s Slimmest Flat TV – the Ultra SlimFitTM TV in the Indian market.
Samsung claims to be the market leader in the flat panel (LCD and Plasma) television market in India.
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.
