MAM
EFY Enterprises to spend Rs 20 million on ad campaign
MUMBAI: EFY Enterprises, publishers of many leading magazines such as Electronics For You, Linux For You, i.t., Facts For You and ePower will be spending Rs 20 million on multi-media campaign in prominent publications, TV channels and ground events.
The group claims to have a cumulative readership of half a million across all the publications.
The campaign kicked off with the announcement of two major events – Linux Asia 2004 and EFY Awards 2004. Linux Asia 2004 is Asia’s biggest conference and exposition of Linux. It will be held from 11-13 February 2004 at The India Habitat Centre, New Delhi. The group has also announced EFY Awards 2004, the biggest ever Electronics awards, in which top organisations and individuals in the electronics industry will be honoured.
Talking about this campaign, EFY Enterprises’ managing director Ramesh Chopra said, “For the past 34 years, we have been pioneers in the areas of technology. Our efforts have been widely appreciated in that area – particularly electronics, Linux and general IT. This campaign is aimed at spreading awareness about us to those outside the technical fraternity. Technology is being more and more consumer friendly and our publications are now of a greater interest to the general public than ever before.”
The company has also launched a series of new initiatives. Linux For You has setup LFY Labs – one of the most advanced Linux Labs in the country. LFY Labs has produced LiFY (Linux from India for you) that is aimed at increasing the usability of Linux for practical purposes. The various versions of LiFY launched include education, multilingual, developer and administration.
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.
