MAM
Initiative India wins 4 awards at FOMA 2020
NEW DELHI: Mediabrands’ full-service media agency, Initiative India, has won four awards at Festival of Media Asia 2020, including one gold in the Effectiveness category for Dettol “India’s first hygiene parliament for children” campaigns. Initiative has also won two bronze awards for Amazon in the Best Use of Traditional Media Audio category and Dettol in the Impact category, respectively. In the next generation category, Initiative’s Kanishka Tandon has been named as one of the top five winners, globally.
Rewarding the best in media thinking, Festival of Media, is the only awards show that is dedicated to the evolution of media, that celebrates the best in media thinking and communications across the APAC region.
"I am extremely proud of the cutting-edge, strategic and innovative work that the teams continue to deliver. For creating impactful work that is recognised not only in India but at the global platform too. This victory is a demonstration that our belief in culture as a quantifiable connector of people, brands and business growth is the most effective way to keep brands relevant and help them evolve in an extremely cluttered environment," said Initiative India CEO Vaishali Verma.
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.
