MAM
Euro RSCG Worldwide wins Campaign’s 2006 Advertising Network of the Year
MUMBAI: Euro RSCG Worldwide has been named Advertising Network of the Year by Campaign, one of the advertising trade publications in the UK.
Euro RSCG Worldwide global CEO David Jones said, “It’s an honour to be recognised by one of the advertising industry’s most prestigious publications. It’s a fantastic testament to the hard work of our 10,000-member staff globally and to our having become one of the world’s largest and most creative agencies.”
Euro RSCG Worldwide executive co-chairman Mercedes Erra said, “It is rewarding to see our industry peers and the media acknowledge our successes. Our goal is to get our clients to the future first; we must continue on our ever-evolving quest for the next big idea that will propel our clients’ brands, and our agency, forward.”
Euro RSCG was represented in the list of the world’s top ten most awarded TV commercials according to the P&G-sponsored Gunn Report, asserts an official release.
Euro RSCG Worldwide executive co-chairman said, “It’s a great way to end the year and an indicator of the things that we want to deliver next year.”
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.
