Tax & Penalty14 Jul 2026, 12:11 pm
Jubilant FoodWorks Receives ₹46.9 Cr GST Demand Notice
AI Summary
Jubilant FoodWorks Ltd has received a Show Cause Notice (SCN) from the GST Department proposing a demand of ₹46,90,96,051. The notice alleges incorrect reversal of Input Tax Credit (ITC) in GST filings. The company believes the SCN does not consider its submissions and plans to file detailed objections within the stipulated timelines. Jubilant FoodWorks expects the notice and demand to be dropped post-filing, anticipating no material financial implications.
Key Highlights
- Jubilant FoodWorks received a GST demand notice of ₹46.9 Cr.
- Notice alleges incorrect Input Tax Credit reversal in GST filings.
- Company believes allegations have no financial impact.
- Detailed objections to be filed within timelines.
- Expects the notice and demand to be dropped.
Price Impact
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