MAM
NeoNiche Integrated Solutions wins at Stars of the Industry Awards 2014
MUMBAI: NeoNiche Integrated Solutions won the award under “Most Admired Event Management Company” and “Most Admired Corporate Event in IT Industry” for “Gartner Symposium & ITxpo 2013”
Winners of the ‘Stars of the Industry Awards 2014’ were announced at a gala event held on February 14, 2014 at Taj Landsend in Mumbai in the presence of luminaries and stalwarts of the industry. The Stars of the Industry Awards recognizes individual and corporate excellence across Industry verticals. These Awards were decided by an eminent Jury comprising senior professionals. The Awards were sponsored by 94.3 MY FM and endorsed by Asian Confederation of Businesses.
Speaking on the awards Prateek N. Kumar CEO & MD NeoNiche Integrated Solutions Pvt. Ltd said “We are happy to be named the “Most Admired Event Management Company” and to get “Most Admired Corporate Event in IT Industry” for one of the events managed by us is a double whammy. We are extremely grateful “Stars of the Industry Awards” organizers and 94.3 MY FM who provide such a great platform, to our clients who trusted us and are some of the most prestigious and recognized names in the corporate space. We also thank our partners in the industry and NeoKnights who deliver our promise of Ideas, Innovation and Insights to every project that we undertake. Lastly we pledge to continue giving our clients the most professional, innovative and process driven service, as we go forward with this new found recognition”
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.
