MAM
Star’s Joy Chakraborthy moves to Zee as network sales head
MUMBAI: The rumour has been doing the rounds for a while now. The much anticipated move of Star India’s senior vice president ad sales Joy Chakraborthy has finally happened.
Confirming the development to Indiantelevision.com, Zee Telefilms CEO Pradeep Guha said that Chakraborthy has been appointed as the executive vice president network sales.
Commenting on the appointment Guha says, ” Joy has a great track record with Star and I have known him personally from his TOI days.”
He further adds that Zee is in the process of consolidating its sales and marketing division as that is an area which needs to be worked upon. A lot more is expected to happen at the Zee stable, although Guha remained tight lipped about it.
Chakraborthy will be taking office on 9 March and will report to Guha. Chakraborthy’s last day at Star is 7 March. Says Chakraborthy, ” Star has been a very rewarding experience. But, I guess after six years one has to move on. The task at Zee is very challenging as I will be overlooking ad sales for the entire network. Also Pradeep Guha is an old friend and a great leader.”
Chakraborthy has been with Star for six years and his last portfolio was handling ad sales for Star Gold and Star One. Prior to that, he was with the Times Of India for six years.
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.
