MAM
Bright Advertising bags Western Railways’ 300 hoardings contract
MUMBAI: Outdoor major Bright Advertising has bagged more than 80 per cent of the new Western Railways tender, comprising 300 hoardings in Mumbai.
Bright Advertising’s Yogesh Lakhani confirmed the development to Indiantelevision.com, citing that the three-year contract will commence from 1 November 2005.
The agency has bagged the railways hoardings sites of Bandra railway over bridge (ROB), Borivali (circulating area), Borivali (entire group), Malad, Kandivali, Kandivali circulating area, Matunga Road to Bandra and Dahisar to Bhayander.
Kapole Advertising, on the other hand, has bagged the contract of the Western Railways hoardings in the areas of Khar, Vile Parle, Jogeshwari, Santacruz and Goregaon.
Western Railways official Sharat Chandrain, however, neither confirmed nor denied on the awarding of the tender. He, however, said that Bright Advertising had been the highest bidder.
Details of the monies involved could not be extracted from either Bright Advertising or the Western Railway department at the time of filing this report.
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.
