MAM
Laura Ries, Phogat sisters, Amitabh Kant impart leadership lessons: Goafest ’17 concludes
GOA: After three days of seminars and conclaves by industry experts, crazy parties and evenings filled with delegates screaming their throats hoarse in support of colleagues during the ABBYs presentations Goafest 2017, India’s foremost advertising, media and marketing convention, came to a spectacular conclusion.
Government institution for catalyzing economic development NITI Aayog CEO Amitabh Kant was felicitated with the prestigious Champions of Excellence Award for his extraordinary contribution towards building Brand Kerala as ‘God’s Own Country’.
Day 3, which was the final day of the festival, saw exciting seminars by none other than author Laura Ries, wrestling sensation of India – The Phogat Sisters, and Isha Katyal – the youngest Indian TED speaker. They were joined by industry stalwarts such as Yonathan Dominitz of The Mindspaces, Eric Cruz of AKQA and Juhi Kalia of Facebook who interacted and engaged with delegates through multiple Knowledge Seminars through the day. The eventful Day 3 came to an end with the presentation of ABBYs for Digital, Mobile, Out of Home, Ambient Media, Design, Print, Film Craft, Integrated Advertising, Special Awards (Gender Sensitive), Young ABBY & Film.
About the successful conclusion, Advertising Agencies Association of India president Nakul Chopra said, “The last three days saw some of the brightest minds from the world of media, marketing and advertising congregating together in one place to make Goafest 2017 an exciting experience for all. As an organiser, I felt delighted to see attendees enjoying themselves thoroughly – during the seminars and at the ABBY presentations and the parties. The energy one felt coursing through the venue everyday was simply invigorating.”
Extending his congratulations to the winners, The Advertising Club president Raj Nayak said, “When we started planning for Goafest 2017, our aim was to create a festival filled with knowledge, wisdom, entertainment, fun and which was also a great networking opportunity. I can now proudly say we have achieved everything that we had set out to. Goa has seen some of the most creative minds in India together at one place – meeting, interacting, engaging and celebrating ABBY wins.”
Felicitating the winners, Goafest 2017 chairman Ashish Bhasin said, “It gives me great joy to see all the delegates enjoying, learning and connecting with everyone. I would also like to congratulate all. You all are the creative forces that keep driving this industry to newer heights of success.”
Awards Governing Council Abby’s chairman Ramesh Narayan added, “Goafest is a confluence of creative minds who gather here year on year to connect, communicate and celebrate the amount of hard work.”
With industry specific conclaves to expert seminars and ABBYs presentations, the Goafest ABBYs 2017 presented by the The Advertising Club and The Advertising Agencies Association of India saw the entire advertising and marketing community descend upon the silver sands of Goa to celebrate excellence in creativity across media platforms and genres.
Brands
Jubilant FoodWorks faces Rs 47.5 crore GST demand, plans appeal
Tax authorities flag alleged misclassification of restaurant services
MUMBAI: 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.
