MAM
#MediaMinds2 | Emotional pact within our teams helped us survive this pandemic: Aditya Kanthy
NEW DELHI: Having spent more than 17-years of his professional career with DDB Mudra Group, Aditya Kanthy is very proud of two things; the amazing work that the creative powerhouse is constantly churning out and the emotional bond that all the members of the team have developed. And he attributes both these factors to them being able to survive the worst of the financial blows in recent history, in the form of Covid2019. In the latest episode of Indiantelevision.com’s Media Minds season 2, one of the youngest CEOs on the block, Kanthy shares in detail his experience of working in the industry, talks about his role models, and his plans to keep the people culture at the group intact along with getting more serious about diversity inclusion.
“The one thing every human being wants is hope. It’s the fundamental thought of the human experience and we are seeing that play out in our lives, in our work as well. There is human capacity for optimism, for positivity,and for progress. And I think that’s what we are seeing playing out,” he points out.
He added that he is very proud of his team that despite the many physical, mental, and financial challenges of the times churned out great content for brands like Stayfree and Spotify.
Kanthy also noted that going ahead, the group is also going to speed up its process of diversity inclusion.
Watch full episode here:
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.
