Jubilant FoodWorks Receives Tax Notice, Reaffirms Confidence in Business Strategy

Jubilant FoodWorks Limited, India's largest food services company and master franchisee for Domino's Pizza and Dunkin' Donuts, has been served with a major tax demand and penalty order amounting to ₹179.1 million by the tax authorities. The order under sections of the Income Tax and GST Acts involves both the original tax demand and an equal amount of penalty arising out of discrepancies in transfer pricing adjustments and claims of input tax credit of GST.

 

Key Highlights:

Jubilant FoodWorks continues to stand by defending its position and anticipates resolution through the appellate process.

 

Sources: Business Standard, Moneycontrol, Economic Times