MAM
ASCI appoints Manisha Kapoor as CEO
Mumbai: Manisha Kapoor has been elevated as the new chief executive officer of the Advertising Standards Council of India (ASCI), according to her Linkedin profile.
Kapoor has been serving as secretary general at ASCI since 2020. “I’m happy to share that I’m starting a new position as Chief Executive Officer (CEO) at The Advertising Standards Council of India!,” reads her LinkedIn post.
Kapoor has been working in the industry for 25 years now. Over the years, she has worked with many notable brands such as Hindustan Unilever, Johnson & Johnson India and Kotak Mahindra Bank.
She has helped many companies to establish their brand. Her expertise includes brand building, new product development, marketing and strategy development.
She said in her post, “It is my absolute privilege to lead a rocking team that has relentlessly pushed itself to deliver better, and adapted itself to the transformation we are in the midst of at ASCI.”
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.
