MAM
Ad Club Bombay’s Ad review on 17 February
MUMBAI: The day of reckoning – 17 February 2003 at 5:45 pm; the venue- Presidential Room, Hotel President, Cuffe Parade, Mumbai; the event- Ad Club Bombay’s ‘Annual Ad Review’!
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Pepsi Co India chairman Rajeev Bakshi |
The entire Indian ad industry will wait for the expert opinion of Pepsi chairman Rajeev Bakshi, the genius who has taken MNC giants Pepsi and Cadbury from strength to strength.
Bakshi has been acclaimed for the way in which he turned around Cadbury India’s fortunes. Bakshi had been with Cadbury for more than a decade. For eight years, he was designated as the VP for marketing and sales for Cadbury India post which he was sent to the parent company’s headquarters in London for a stint. He returned back and was appointed as managing director of Cadbury India.
In February 2001 Bakshi was moved to South Africa as managing director and Matthew Cadbury, son of Cadbury Schweppes board chairman Adrian Cadbury succeeded him in India.
The Ad Club review session on 17 February will look at the year’s (2002) work in the most objective manner possible. Bakshi will focus on the landmarks of the year 2002. Picking out the best, pointing out the flaws, suggesting remedies, projecting trends… it’s a soul-searching exercise for the entire industry. Over the years, the occasion has been graced by ad greats like Alyque Padamsee, Ivan Arthur, Gautam Rakshit, Ishan Raina, Mohammed Khan and Piyush Pandey.
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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.
