Brands
Skybags announces ‘Canvas Project’s new edition
MUMBAI: Skybags has announced the 3rd season of much awaited annual design event ‘The Skybags Canvas Project’, providing an opportunity to people who are creatively inclined to design a new collection for Skybags.
The Skybags Canvas Project is a platform for the designers to showcase their creativity on a larger scale. For this online competition, Skybags has created a separate microsite that will host the contest. Designers have to download the design kit from the website and upload an original design including Skybags Logo to the microsite once created. The designers ask their peers to vote for their designs and the designs with maximum likes have a chance to win the award.
Varun Dhawan, the Skybag’s brand ambassador, and VIP Industries VP design and development Vasant Dewaji will review all the entries and select the best design. The winning design will be featured on the Skybags latest collection. Also, the winner will be awarded a high-performance 4K desktop and the runner up of the contest will get a 4K camera. Skybags will gift a backpack to the best design of the day.
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.
