MAM
Toyota launches Innova in alliance with Star
MUMBAI: Toyota Kirloskar has decided to launch its latest offering Toyota Innova, India’s first three-row seating passenger car, with an exclusive television event on Star Plus titled Innova Stars Ki Dhoom.
A launch of this kind will be a first of its kind where a car will be introduced in the market with a television event backing the launch.
Commenting on the launch and availability of Innova in India, Toyota Kirloskar Motors vice chairman Vikram Kirloskar said, “Launch of Innova brings India closer to the world. The new generation vehicle will provide luxury, comfort and safety, which are at par with customer requirements internationally.”
Leveraging on the popularity of Star Plus, the flagship entertainment channel of Star India, the partnership is set to change the consumer perception towards cars from being a utilitarian product to one that offers enhanced lifestyle.
The show goes on air on Sunday, 13 March at 8.00 pm.
Star India CEO Peter Mukerjea said,”Toyota and Star share a very strong global relationship, which has now been extended to India. Through this partnership, Toyota Innova is being launched with a glamorous television event on the channel. The launch of this trendy and innovative driving machine on Star Plus is a confirmation of the belief that the Indian automobile market is ready for global products and Star India is proud and keen to be associated with this category creator for the Indian market.”
Through this unique launch along with the television event, Innova Stars Ki Dhoom, the objective is to ensure that viewers make an immediate connect with the product.
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.
