Jubilant FoodWorks gets GST demand notice for Rs 46.9 crore

Jubilant FoodWorks Ltd has received a GST demand notice for Rs 46.9 crore. The company stated it will challenge the GST department's notice. This notice alleges incorrect input tax credit reversal while filing GST returns. Jubilant FoodWorks believes the notice did not consider its submissions. The company is filing objections and expects the demand to be dropped.