MAM
ICOM APAC meet in Delhi on 7 and 8 November
NEW DELHI: ICOM, the International Communications Agency Network Inc., one of the world’s largest networks of independent advertising and marketing communications agencies, will conduct its regional conference for the Asia Pacific region in Delhi on 7 and 8 November.
Triton, which is a member of ICOM, will orgainse the two-day APAC regional meet at Uppal’s Orchid Ecotel in Delhi.
This is for the first time that the ICOM regional conference for the region is being held in India.
“Participants from 16 member agencies from the region would share their experiences, learnings and future strategies. More than mere sharing it also becomes a platform for the ICOM members to brainstorm and arrive at new directions which will propel the future growth of the companies in this region in keeping with the theme of the Conference – Preparing For the Future,” said Triton Communications managing director Munawar Syed.
The participating foreign agencies include- Adfromatix (Philippines), Nihon Kezai Advertising (Japan), Smart Group (Korea), Walkers Advertising (New Zealand), Wilson Everard Advertising (Australia), PMP (Hongkong), Creative In-House (Thailand), Goldsun (Vietnam), Select Team (Malaysia) and NewSun Communication (China).
ICOM is headquarterd in Colorado and is chaired by Gary Burandt. The network has over 70 member agencies in 52 countries with a total billing of US$3 billion. ICOM helps its partner members in exchange of information, market facts, transact business in overseas market and training of personnel.
In the recent past, ICOM has added several new members including E. Morris Communications, Chicago and TOTO Group, New York, from the U. S., BrandStorm, Warsaw (to represent Poland), Uzina, Lisbon, (to represent Portugal), Creative In-House, Bangkok (to represent Thailand) and NewSun Communication Group, Guangzhou (to represent the Guangdong region of China).
ICOM was founded in 1950 as the National Federation of Advertising Agencies.
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.
