MAM
Virtual Fireside Series: A week of exploring the new world order in the marketing space
NEW DELHI: The world of advertising and marketing is going through a massive transformation as the new normal of the pandemic-era syncs in. A business that was based on millions of face-to-face meetings and gazillions of group discussions has gone digital almost completely. Now client relationships are being built across screens and internal meetings are getting virtual. A sea change in consumer behaviour is also expected as they learn to live on bare essentials.
All this has been leading to a change in client behaviour too. There is a more than ever increased focus on digital mediums, traditional mediums are expected to transform, and the changing consumer sentiments are leading to great creative transformations too. The publishers are also reworking on their strategies.
To understand this new order of the marketing and advertising world, Indiantelevision.com will be hosting a series of fireside chats with the stalwarts of the industry, who will be answering some interesting questions by our founder CEO and editor-in-chief Anil Wanvari. The audience will also get a chance to directly interact with the speakers as the discussions will be live on our social media channels and website.
Starting today, the first live discussion will have Bennett Coleman & Co Ltd president-response Partha Sinha giving an overview of the print and digital publishing industry. It will go live at 6:30 pm and you can register for the same here.
The next discussion scheduled for tomorrow 4:00 pm is with Zee Entertainment Enterprises Ltd chief growth officer advertisement revenue Ashish Sehgal. Register here.
On 2 September, we will be going live with Dentsu Aegis Network CEO APAC and chairman India Ashish Bhasin who will highlight the global perspective along with Indian market sentiments. You can register for the 11:00 am live here.
The last episode, going live at 5;00 pm on 3 September will feature IPG Mediabrands CEO-India Shashi Sinha giving an extensive insight into the Indian market and changing scenarios.
Keep watching this space for more information.
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.
