MAM
FPFAC to organise film marketing seminars every quarter
MUMBAI: The Foundation for Promotion of Film Arts and Crafts (FPFAC) has decided to make the India International Film Convention an annual event and will incorporate a film market at the 2004 convention. The India International Film Convention (IIFC) 2003 – the one of its kind convention that was held on 16 and 17 August 2003 at the Intercontinental The Grand Mumbai. The FPFAC has decided to hold an Indian film seminar every three months
According to a press note, the FPFAC has also decided that in addition to an exhibition and conference, the IIFC 2004 will also facilitate film buyers and sellers interaction through a platform called “Film Market”.
FPFAC president Anil Nagrath claims: “This will be the first international film market of its kind organised by the entertainment industry itself. It will facilitate direct dealing between buyers and sellers of films, television, advertising as well as exhibition products.”
The FPFAC committee claims that the participants at the IIFC 2003 felt that interactive seminars had tremendous advantages because they could get lots of information and knowledge. Therefore, the FPFAC has decided to hold an Indian film seminar every three months to provide the entertainment industry with a forum where there can be a regular interaction and exchange of information, knowledge and experience amongst members of the industry itself.
Nagrath offers that the details of the first seminar shall be declared shortly by the foundation.
The FPFAC note also states that the conference and the exhibition at the IIFC 2004 will be organised with the specific intention of catering to the basic needs of members of the entertainment industry. “It will not only be interactive and friendly but also provide wealth of information which will be of tremendous use to all participants in their day-to-day business just as the conference at the IIFC 2003 proved to be for the participants in the conference,” adds Nagrath.
The exhibition will showcase the latest equipment and technological developments; also provide wealth of information on various locations in India and abroad but also other products and services of use to the participants in the convention.
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FPFAC organises 1st ever global film marketing convention
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.
