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Jubilant FoodWorks hit with ₹46.9 crore GST demand notice over ITC reversal
Jubilant FoodWorks, India's leading QSR operator running Domino's and Popeyes, received a ₹46.9 crore GST demand notice over alleged incorrect ITC reversal classification. The company will challenge it, claiming no financial impact.
Reported figures
From the report. Source details below
- ₹46,90,96,051
- July 13
The counter-case
The case against this reading — not reported by the source.
A ₹46.9 crore GST demand, even if contested, signals potential weakness in Jubilant's ITC reversal compliance processes. If the QSR sector faces broader scrutiny on similar ITC classification issues, this could be the first of multiple notices, and the 'no financial impact' claim is management assurance, not adjudicated fact. Litigation carries cost, management distraction, and reputational overhang, and appellate outcomes on GST classification are historically unpredictable.