Jubilant FoodWorks Share Price Falls Over 2%; Receives GST Show Cause Notice for Over ₹46.90 Crore

On July 14, 2026, Jubilant FoodWorks Limited announced the receipt of a Show Cause Notice (SCN) from the GST Department, as per the exchange filings.  

The notice proposes a GST demand amounting to ₹46,90,96,051. The company is preparing to file detailed objections within the stipulated timelines. 

Details of the GST Show Cause Notice 

The SCN was issued on July 13, 2026, by the Deputy Commissioner of the Divisional Goods and Service Tax Office. The notice proposes a GST demand amounting to ₹46,90,96,051. 

It alleges that the Input Tax Credit (ITC) was reversed in the incorrect table during the company's GST return filing. Despite this, the company asserts that the alleged misclassification has no financial impact. 

Company's Response and Next Steps 

Jubilant FoodWorks is in the process of filing detailed objections to the SCN. The company believes it has a strong case and anticipates that the proposed demand will be dropped following the submission of its objections. 

Financial Implications and Compliance 

The company does not foresee any material financial implications from the SCN. It has stated that the information provided in the disclosure is accurate and compliant with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. 

Read More: TVS Motor Company Share Price in Focus; Board to Consider Fundraise and Q1 Results on July 21, 2026! 

Litigation and Dispute Details 

The SCN is applicable for the financial year 2026-27. Jubilant FoodWorks has reiterated that the alleged ITC reversal error does not affect its financial standing. The company is committed to resolving the matter within the regulatory framework. 

Jubilant FoodWorks Share Price Performance 

As of July 14, 2026, at 3:30 PM, Jubilant FoodWorks share price on NSE was closed at ₹421.50, down by 2.29% from the previous closing price. 

Conclusion 

Jubilant FoodWorks has received a GST Show Cause Notice for ₹46,90,96,051, related to an alleged ITC reversal error. The company is preparing objections and expects no financial impact, maintaining compliance with SEBI regulations. 

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