Jubilant Foodworks Receives GST Show Cause Notice for ₹46.91 Crore Demand
Jubilant Foodworks received a GST Show Cause Notice for a demand of ₹46.91 crore due to alleged incorrect ITC reversal. The company believes it has no financial impact and will file objections, expecting the notice to be dropped. The event occurred on July 13, 2026.
A GST demand of ₹46.91 crore is a material amount. While the company believes there will be no financial impact and expects the notice to be dropped, the pendency of such a notice and the process of filing objections can create uncertainty and potential costs, warranting a medium impact assessment.
The company has received a significant GST demand notice, which is a negative development. However, the company is confident in its position, believes there is no financial impact, and expects the notice to be dropped after filing objections. This provides a neutral outlook as the outcome is uncertain but the company's response is positive.
Jubilant Foodworks Limited (JFL) has announced the receipt of a Show Cause Notice (SCN) from the GST Department proposing a demand of ₹46,90,96,051. The notice alleges that the company reversed Input Tax Credit (ITC) in an incorrect table while filing its GST returns. JFL believes the SCN has not considered the merits of its submissions and is preparing to file detailed objections within the stipulated timelines.
The company stated that the alleged incorrect presentation or classification of ITC reversal has no financial impact. JFL anticipates that upon filing its objections, the SCN and the proposed demand are likely to be dropped. The company does not foresee any material financial implications arising from this notice.
The SCN was issued on July 13, 2026, and received by the company on the same date at 12:30 Hours (IST). The period applicable for the communication is the Financial Year 2026-27. JFL has affirmed that the information provided is true, correct, and complete to the best of its knowledge and belief. This intimation is also being disseminated on the company's website.
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Jubilant Foodworks Limited filed this with the NSE as a statutory disclosure, categorised under other regulatory filings. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Jubilant Foodworks Limited. Read the original for the full detail.