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Annapoorna issues clarification after private meeting with FM goes viral post-GST discussion

The bench observed the parties have "mutually consented" to withdraw the scheme on account of the settlement agreement and the board of directors has passed the resolutions to withdraw the scheme of amalgamation.

September 14, 2024 / 21:23 IST
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In the footage, the Coimbatore-based businessman reportedly asked for forgiveness from the Finance Minister and clarified that he has no political affiliations.
In the footage, the Coimbatore-based businessman reportedly asked for forgiveness from the Finance Minister and clarified that he has no political affiliations.

Annapoorna, a prominent hotel chain in Tamil Nadu, issued a clarification on September 14 addressing the controversy that arose when a video of a private meeting between its Managing Director, D. Srinivasan, and Finance Minister Nirmala Sitharaman went viral. The statement explained that the video was shared inadvertently, causing confusion and speculation.

A video of Srinivasan apologizing to Sitharaman has gone viral. In the footage, the Coimbatore-based businessman reportedly asked for forgiveness from the Finance Minister and clarified that he has no political affiliations.

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The issue first arose during an interaction held on September 11 where representatives from MSMEs and the Chamber of Commerce in Coimbatore met with Finance Minister Nirmala Sitharaman. During the session, Srinivasan, who is also the Honorary President of the Tamil Nadu Hotel Association and Vice-President of the South Indian Hotels and Restaurants Association, brought up concerns regarding the varied GST rates applied to different products sold in restaurants and bakeries.

Srinivasan had said the GST regime is too complex, and it is getting difficult even for tax officers to calculate input credits. “There are different GST rates for sweets and namkeens. No GST for plain bread but if served with cream, GST is applicable. For a family that dines in a restaurant, there are different GST rates. Even the computer is confused at these rates,” he said during a public interaction of the local business community in Coimbatore with Sitharaman.