MAM
Mindshare India emerges as Agency of the Year at FOMA 2024
Mumbai: Mindshare India, a GroupM company, has been awarded Agency of the Year 2024 at FOMA 2024. Mindshare won several metals and titles for campaigns across sectors like FMCG and Infrastructure.
Solidifying its position as a top player in the media landscape, Mindshare India made a clean sweep of 2 Grand Prix, 7 Gold, 6 Silver and 4 Bronze awards across various categories like Campaign of the Year, Best Branded Content, Best Response Campaign, Best Cause Campaign, Best Viral Campaign, Best Use of Audio, Video, Creative Use of Media, Best Use of eSports or Gaming, etc. In addition to this Mindshare India grabbed the Agency of the Year title.
Mindshare South Asia CEO Amin Lakhani said, “We are absolutely thrilled and grateful to be recognized as the Agency of the Year at FOMA 2024. This achievement is even more special as it comes from multiple award-winning campaigns across various categories. It’s a testament to the hard work and dedication of our team, and I’m proud to see them being recognized for their efforts. This is a great moment for us, and we look forward to continuing to deliver innovative solutions and drive good growth for our clients in the future.”
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.
