MAM
GroupM India wins ‘Country of the Year’ at eMMies
MUMBAI: For the second time now, GroupM India has won the ‘Country of the Year’ award at the eMMies 2015, the regional awards for GroupM Asia Pacific. However this time round, India will be sharing the title with GroupM Philippines.
The ‘Country of the Year’ is the grandest award at the eMMies and is given to the country that delivers the best business performance.
Commenting on GroupM India’s showing, GroupM Asia pacific CEO Mark Patterson said, “India continues to set a gold standard in the region through continuous refreshment, reinvigoration, expansion of services and unique influence in the market whilst maintaining a close, collaborative and entrepreneurial spirit throughout GroupM. India does this year on year which make their performance all the more special and worthy of recognition. If there was a country of the decade award it would be India’s.”
GroupM South Asia CEO CVL Srinivas added, “India is extremely proud to receive the ‘Country of the Year’ award at the eMMies this year. 2014 has been one of our best years. We are especially proud of our talent who have embraced challenges in a very dynamic market and delivered true value to our clients. However what is most heartening is that we live up to the highest standards of quality among our peers in the larger GroupM family.”
Brands
Jubilant FoodWorks faces Rs 47.5 crore GST demand, plans appeal
Tax authorities flag alleged misclassification of restaurant services
MUMBAI: Jubilant FoodWorks Limited has landed in a tax tussle after receiving a GST demand of Rs 47.5 crore from the office of the additional commissioner of CGST and central excise in Thane, Maharashtra.
The order, issued under the provisions of the Central Goods and Services Tax Act, 2017, relates to an alleged incorrect classification of certain services under the category of restaurant services. According to the tax authorities, this classification resulted in a short payment of goods and services tax for the period between the financial years 2019-20 and 2021-22.
The demand includes Rs 47.5 crore in GST along with an equal amount as penalty, in addition to applicable interest. The order was received by the company on March 13, 2026.
In a regulatory filing to the BSE Limited and the National Stock Exchange of India Limited, the company said it disagrees with the order and believes its arguments were not adequately considered.
The company is preparing to challenge the decision and plans to file an appeal. It added that once the redressal process is complete, the demand is likely to be dropped.
Despite the sizeable figure attached to the notice, the company said it does not expect any material impact on its financials, operations or other activities.
The disclosure was signed by Suman Hegde, EVP and chief financial officer, who confirmed that the company received the order at 19:06 IST on March 13 and has already initiated steps to contest it.
The development places the quick service restaurant major in the middle of a tax debate that could hinge on how certain restaurant-linked services are classified under GST rules. For now, the company appears ready to take the matter from the tax office to the appeals desk.
