MAM
FC Goa welcomes Mc Dowell’s No.1 Soda as the club’s new associate sponsor
Mumbai: Football club FC Goa welcomes McDowell’s No. 1 Soda, Diageo India’s flagship brand, as the club’s new associate sponsor for the 2022–23 season of the Hero Indian Super League. The brand will be the key enabler of friendships and camaraderie throughout the season.
Through this association, McDowell’s No.1 Soda will ensure that the fans have fun with their ‘yaars,’ at home or in the stands. As part of the partnership, McDowell’s No.1 Soda will appear on the upper sleeve of the FC Goa shirt for the entirety of the ISL season.
FC Goa VP Ravi Puskur weighed in on the association, saying, “McDowell’s No.1 Soda is one of the most recognised brands in India and one that is associated with celebration. And this year, I believe, is one where we are celebrating football with fans allowed to be back in the stands.
“Our goal has always been to provide fans reasons to celebrate their favourite football team, the beautiful game, and the moments that come along with it. Thus, I believe we will be able to find several synergies across the season for the brands to collaborate and bring success to all.”
Diageo India executive VP and portfolio head of marketing Ruchira Jaitly said, “Football is the ultimate team sport, and the sportsmanship and camaraderie on and off the field are legendary. With this ISL season, McDowell’s No. 1 Soda, in association with the FC Goa, is proud to be a part of this team of ‘yaars’ and to celebrate those special moments of ‘Yaari,’ whether on or off the field, in a sport that is a passion with every Goan.
McDowell’s No. 1 Soda shares the same sentiments about the true bonds of ‘Yaari’ as does team FC Goa, and together, we look forward to making memorable moments happen for consumers and sportsmen alike this season.”
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.
