MAM
AdAsia 2011 gets 800 delegate registrations
MUMBAI: A total of 800 delegates have registered for AdAsia 2011, Asia‘s biggest management, marketing, media, advertising and communications congress that takes place in Delhi later this month.
A panel of personalities from different walks of life will share their experiences, insights and sharp analysis of ongoing events, providing new ideas, concepts and a firm handle on how the changes being witnessed today will translate into trends in the future. They will go beyond analysis to address the question ‘How‘ and to elaborate innovative ideas and solutions to key global challenge.
Pepsi chairman, CEO Indra Nooyi, business consultant, speaker and author Ram Charan, Unilever COO Harish Manwani, Coca-Cola executive VP and chief marketing & commercial officer Joseph Tripodi, and founder and creative chairman of Droga5 David Droga are some of the big names speaking at AdAsia 2011.
The conference is planned to engage and involve participants from the word go so that they are an integral part of the rethink of systems, strategies and solutions. Their thoughts and ideas will be instrumental in aligning these to a rapidly changing global business environment.
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.
