MAM
IAA to organise webinar series on ‘world goes digital’
MUMBAI: International Advertising Association (IAA) India Chapter has invited mCordis co-ounder & managing partner EMEA Paul Berney on its next webinar to be held on 22 May 2014, 4:00 pm onwards. He has over 25 years experience in a wide variety of sales, marketing, business development and commercial roles spanning several different industries and market sectors including automotive, printing, internet development and management consultancy. He was recently invited to join the editorial board of the IDM and was voted one of the Top 50 influencers in mobile marketing in the UK by The Drum magazine 2013.
Free Press Journal director Abhishek Karnani and Mahindra Special Services Group head – marketing and public relations, Manish Advani are co-chairing the IAA Webinar series.
Questions for Berney can be submitted through the IAA India Chapter Facebook page. The hangout will be broadcast live on IAA’s YouTube channel.
International Advertising Association (IAA) India Chapter had recently hosted speakers like Citi (India) ceo Sajeev Kapoor, Bookmyshow.com founder and CEO Ashish Hemrajani, Google (India) MD Rajan Anandan, Linkedin (India) MD Nishant Rao, Rediff.com founder Ajit Balakrishnan, SAP chief story teller Julie Roehm and Hungama Digital Media Entertainment CEO & MD Neeraj Roy.
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.
