MAM
Preeti Vyas Giannetti to judge at New York Festivals
MUMBAI: Head of Mumbai-based Vyas Giannetti Creative – Preeti Vyas Giannetti has been invited to judge the prestigious New York Festivals (NYF) by Michael A Demetriades, who is the executive director of the festival.
The NYF has a long and illustrious history in honouring excellence in creative communications throughout the world. For almost 50 years, it has been inspiring minds to think big and is touted as one of the most esteemed award functions in the ad mad world.
The NYF has made optimum use of its online judging facility to form a jury that includes a veritable “Who’s Who” of world leaders in communications. Vyas Giannetti was bestowed the task of judging over 300 television commercials, online in a mere six days.
Says Vyas Giannetti about her experience, “It was a gruelling task, but well worth the effort. It’s indeed an honour to be part of the jury for such a distinguished award show, and I hope in the near future more of us from the Indian advertising fraternity would become a regular feature at such events.”
Vyas Giannetti will be attending the award functions in New York, coming January at the Millennium Broadway and Hudson Theatre in Manhattan.
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.
