MAM
Ad Club Bombay’s Cannes scholarship test on 3 May
MUMBAI: The Advertising Club, Bombay and The Times Group, the official representative of Cannes in India, is offering an opportunity to students this summer to earn the prestigious Cannes Lions Academy Diploma.
A statement issued by the Ad Club Bombay states that the contest is open only to Ad Club student members; however, others can also participate by paying a registration fee of Rs 200. Applicants must possess a valid passport and be final year students of an applied commercial art course, BMM, B.Com (vocational advertising) or fine arts degree course.
The written test for the same will be held on 3 May 2003 for all those students who registered by 30 April 2003. This will be followed by the making of a theme based creative ad at a venue to be announced later. Their work will be judged by a panel of top ad professionals. Shortlisted candidates will be required to participate in a group discussion and appear for an interview on Saturday,10 May, 2003. The name of the final winner will be announced on Monday, 12 May 2003.
AD Club secretary MG Parameswaran was quoted as saying: “The Advertising Club Bombay will sponsor the winner who gets an all expenses paid seven day trip to the Cannes Advertising Festival plus the Cannes Lions BA Scholarship involving one week of training under Michael Conrad who was earlier with Leo Burnett Worldwide.”
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.
