MAM
Women’s T20 Challenge 2022: BCCI invites quotations for title sponsor rights
Mumbai: The Board of Control for Cricket in India (BCCI) has announced the release of request for quotations (RFQ) for title sponsorship rights For Women’s T20 Challenge 2022. The BCCI invited quotes from reputed entities for acquiring the title sponsorship rights for the Women’s T20 Challenge 2022. The RFQ will be available for purchase till 4 May.
Earlier last week, the BCCI president Sourav Ganguly had confirmed that the Women’s T20 Challenge will be held in Lucknow from 24-28 May. The confirmation comes a month after the BCCI revealed that it is mulling over a ‘full-fledged’ Women’s Indian Premier League (IPL) starting in 2023 which will involve Indian and overseas players.
In March, the board announced that a franchise-based annual T20 tournament for women cricketers will be started from 2023. The tournament will contain six teams and will be referred as Women’s IPL instead of Women’s T20 Challenge
This year, a three-team women’s T20 Challenge will be held in May during the IPL playoffs. While Pune was previously shortlisted as the venue, the board has now decided to host the tournament at the Ekana Stadium in Lucknow.
According to the official release, the detailed terms and conditions governing the tender process including the process for submissions of quotes, rights and obligations, etc. are contained in the ‘Request for Quotation’ (RFQ) which will be made available on receipt of payment of a non-refundable fee of Rs one lakh plus any applicable goods and services tax. The procedure to procure the RFQ documents is enlisted in annexure A to this document.
“Any interested party wishing to submit a quote is required to purchase the RFQ. However, only those satisfying the terms and conditions set out therein shall be permitted to submit a quote. It is clarified that merely purchasing the RFQ does not entitle any person to submit a quote,” stated the release.
BCCI reserves the right to cancel or amend the RFQ process at any stage in any manner without providing any reason.
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.
