MAM
Tata Crucible’s Business Quiz concludes on Sunday
MUMBAI: The second edition of the Tata Crucible – Business Quiz reaches its climax in Mumbai on 24 July.
The business quiz is a search for excellence. It had launched last year to commemorate the death centenary of JN Tata and the birth centenary of JRD Tata and Naval Tata – three leaders of the Tata Group.
The quiz was organised in nine cities including Chennai, New Delhi, Bangalore and Mumbai. The last regional final was held in Mumbai a couple of days ago. The eight finalists who will go for glory on Sunday include Vizag Steel and Accenture.
Around 3000 participants took part in the Tata Crucible – The Business Quiz 2005. There was no entry fee for participation. Teams travelled from cities like Bhubaneshwar, Mysore, Cochin, Vizak, and Goa to take part.
The format of the quiz designed by the quizmaster Giri Balasubramaniam had a share of oral, visual and software power rounds. The Tata Group states that the participants at the quiz were a good mix of youth and experience. All centres garnered huge participation from various age groups, right from young corporates in Hyderabad to senior citizens in Mumbai
The broad spectrum of quiz this year included questions which evaluated the depth and width of knowledge of the contesting teams. The quiz had participants who were doctors, advocates, professors, scientists, defense personnel (Indian Army), bankers, stockbrokers, IT professionals and corporate executives. The companies who came forward to compete with one another included Dell, Google, Bhilai Steel Plant and LIC.
This year the quiz was a battleground where the teams strategically selected the city of participation and flew to other venues that were perceived as soft destinations. There were almost 15 teams who travelled to other locations rather than participate in their own city.
For instance The Accenture team from Mumbai travelled to Pune to participate in the quiz to improve their chances of winning. However, looking at the fierce competition in Pune, the team returned to Mumbai without participating. Eventually owing to their determination and amazing quizzing acumen, they qualified as one of the national finalists.
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.
