MAM
Mudra South nominated for Times Asia Pacific Advertising Awards and New York Festivals
MUMBAI: Mudra South has been nominated for the Times Asia Pacific Advertising Awards and also the New York Festivals.
Interestingly, Times Asia Pacific Advertising Awards short-listed only three entries from India and interestingly all the three are from Mudra South.
The 16th Times Asia Pacific Advertising Awards to be held in Taiwan early next year received 345 entries this year. The Mudra South campaigns short-listed are Nutrine Kokanaka (Coconut) and Blossoms (House of Used Books), in print and Monster (Get out!) in television.
At the New York festivals’ 2006, the agency has been shortlisted in the Television, Cinema and Radio Advertising Awards competition. The short listed entry was for Monster (Get out!) campaign for two categories- Business Services/Equipment and E-Commerce Service.
Mudra CEO and managing director Madhukar Kamath said, “Jagdish and Radha (S Radhakrishnan) have placed great emphasis on good work for Mudra South and the results are evident. It’s nice to know that the work is being recognized by the international advertising community.”
Mudra South executive creative director Jagdish Acharya said, “I am delighted to know that Mudra was the only agency from India to get short listed at the Times Asia-Pacific award. Moreover, in New York Festivals, our entry is the only one to have actually got nominated in the respective categories. We have been doing good work across brands and it is certainly nice to see some of these pick up awards as well.”
Times Asia Pacific Advertising Awards short-listed entries from various countries such as Taiwan (168), Japan (60), China (55), Hong Kong (26), Korea (18), Indonesia (10), India (3), Malaysia (2), Philippines (2) and Thailand (1).
The Times Asia-Pacific Advertising Awards was first held in 1990 by the China Times Group and was aimed at broadening Taiwan’s ad horizons and fulfilling a corporate vision while encouraging professional exchanges within the Asia-Pacific region.
The New York Festivals awards ceremony will be held on 26 January, 2006 in the Millennium Broadway Hotel in Manhattan.
Brands
Jubilant FoodWorks faces Rs 47.5 crore GST demand, plans appeal
Tax authorities flag alleged misclassification of restaurant services
MUMBAI:Â 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.
