MAM
Hakuhodo Percept gets Bhaskar Ghosh on board as National Client Services Director
MUMBAI: Bhaskar Ghosh joins the senior leadership team at the Delhi headquartered Hakuhodo Percept, as National Client Services Director. The former Branch Head of Rediffusion- Delhi, brings with him a wealth of experience gained over 20 years, creating new conversations for brands such as Domino’s Pizza, Coca Cola, Spice Jet, Nokia, Dabur and Sony, to name a few.
He takes on a national role, with key focus areas being to strengthen Hakuhodo Percept’s client relationships, put in place best practises in account management, and create opportunities for new businesses and growth across branches in India.
Speaking about this development, Elvis Sequeira – Executive Director, Hakuhodo Percept said: “ It’s been a long, long courtship, and am happy that we’ve got Bhaskar on the team. We’ve been slowly re-engineering ourselves over the last couple of years, getting fabulous talent on board to head Planning and Creative, so really this was the final missing piece in our plan. Bhaskar is a wonderful mentor for young talent and an inspirational leader who loves to roll up his sleeves and get things done. I believe that clients, brands and people have a lot to gain from Bhaskar’s talent, involvement and style of functioning.”
Bhaskar Ghosh’s previous stints have been with Contract, Grey, Bates, Leo Burnett and TBWA. He is a Commerce Honours Graduate from Delhi University and has an MBA from the University of Bedfordshire, UK.
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.
