MAM
Partha Sinha takes charge as The Advertising Club president
Mumbai: Advertising, marketing, and media industry’s apex body – The Advertising Club on Friday announced the managing committee for the current fiscal (FY 2021-2022) at its 67th annual general meeting (AGM). Partha Sinha, president – Response Bennett, Coleman & Co Ltd, has been elected to lead the body.
The office-bearers of The Advertising Club for 2021-22 are Rana Barua (vice president), Shashi Sinha (secretary), Mitrajit Bhattacharya (joint secretary), Dr Bhaskar Das (treasurer). All the members were elected unopposed.
Partho Dasgupta will continue as a member of the managing committee as the immediate past president for the ensuing year, said the organisation in a statement.
The list of managing committee members includes the industry leaders like Punitha Arumugam, Vikram Sakhuja, Ajay Kakar, Debabrata Mukherjee, Rahul Johri, Aditya Swamy, and Pradeep Dwivedi. “The members will play a decisive role in driving synergies and ensuring the success of all The Advertising Club initiatives,” said a statement.
In addition, the list co-opted industry professionals such as Raj Nayak, Sonia Huria, and Sidharth Rao.
The leaders who will continue to bring value to The Advertising Club through their expertise and deep understanding of the respective industry segments are Avinash Pant, Kartik Sharma, Ajay Chandwani, Sapangeet Rajwant, Namrata Tata, Rathi Gangappa, Sabbas Joseph, Sanjay Adesara, Vikas Khanchandani, Malcolm Raphael.
“It’s an honour to be able to serve as the president of The Advertising Club. We have a very powerful management team this year and we want to do some meaningful engagement with the advertising, media, and marketing community,” said Sinha on his appointment. “The last 16 months have been really difficult for the fraternity and we would like to ensure that we work closely with everyone to get some of the mojo back. Our primary focus will remain excellence. We will celebrate excellence, train people to create excellence, and create forums where people can exchange thoughts and ideas around excellence,” he added
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.
