MAM
Kaushik Roy re-elected as prez IAA – India Chapter, Swamy is VP
MUMBAI: Reliance Industries president – Brand Strategy & Marketing Communication Kaushik Roy has been re-elected as the president of the India Chapter of the International Advertising Association (IAA-IC) for the year 2011-12.
Roy was elected unanimously for the second term at IAA-IC’s annual general meeting held in Mumbai.
In his first term as president, Roy had launched India’s first Green Award – Olive Crown for creative excellence in communicating sustainability. The IAA-IC also conducted a seminar on the agency of the future entitled ‘Agency 2.5’ by Tim Williams of the USA.
Meanwhile, RK Swamy BBDO CMD Srinivasan K Swamy, who was the honorary secretary of the India Chapter for the past two years, is the new vice president.
The new managing committee includes:
MG Parameswaran as Hon. Secretary
Jaideep Gandhi as Hon. Treasurer
Sam Balsara (Member)
Ramesh Narayan (Member)
Avinash Pandey (Member)
Kunal Lalani (Member)
Neeraj Roy (Co-opted Member)
Bhaskar Das (Member)
Raj Nayak (Ex officio) Immediate Past President.
Pheroza Bilimoria (Special Invitee) Global Hon Secretary and Member of the World Board.
Pradeep Guha (Special Invitee) Global VP and Area Director, Asia Pacific and Member of the World Board
Spread over 56 Chapters in 76 Countries with over 4,000 members worldwide, the IAA champions advertising as a force for growth in all free market societies.
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.
