MAM
Neel Pandya to lead ISA media forum
New Delhi: Indian Society of Advertisers (ISA) has roped in Neel Pandya to lead its media forum. Pandya is also serving as the L’Oreal India national media and digital head.
The development was announced in a meeting of the media forum held on 4 November 2020.
ISA chairman, CEO, secretary-general and other members of the forum welcomed Neel to this role.
“We are confident that Neel from his varied experience across sectors and functions would add considerable value through the media forum to the ISA,” it said in a statement.
The ISA media forum meets periodically to take stock of and deliberate on industry developments that affect advertisers.
Pandya has over 13 years of experience and has worked across several brands and agencies including – Vodafone, GroupM, TAM, Future Group, and HDFC Bank. He joined L’Oreal India in 2017.
He was a speaker at the 2019 edition of indiantelevision.com’s BrandVid Summit.
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.
