MAM
“This year’s’ was the best lineup of speakers at Goafest,” Nakul Chopra
MUMBAI: Be it statistics or experience, Goafest 2016 has outdone previous editions by a healthy margin much to the pride of Goafest Organising Committee chairman Nakul Chopra.
“We got lot of feedback on the spot in Goa, and most complimented the speaker sessions. They all also appreciated the leadership summits. For many, this year’s was the best line up of speakers atGoafest. Broadly speaking, the feedback has been good on the whole production of the event as well,” Chopra added.
While on the one hand the likes of Arjuna Ranatunga, Rajdeep Sardesai, Shobha De, Karan Johar, R Balki upped the ante of the celeb factor at the three day conference, international creative geniuses like Benny Thomas, Fergus O’Hare, Tara Marsh, Carter Murray and Jean Lin gave industry insights and look aheads from a mature market perspective.
Looking at logistics and itinerary, “This year was a huge improvement on timings. While last year wasn’t bad either, for this one we managed to stay on time for the most part,” Chopra shared. While day one saw a slight delay at the Abbys, the organisers tried their best to make day two and day three awards nights within enjoyable timings and kept the delays under check.
Speaking about the highlights of the three day Abbys Chopra said, “I am definitely happy about Publicis’ performance at the Abbys. We have won several metals for meaningful work and that makes me proud of the team.
Between several small and big tweaks, the organising committee did manage to address several logistical and experiential issues, and introduced a fresh fervour to the advertising festival. “We tried introducing Wifi for all at the venues and the Goafest 2016 app kept everyone tuned in with the proceedings of the day, those inside the auditorium or outside on the lawn alike. The innovations were a huge success and we plan to work and make it even better for the coming year as well.”
Going by sheer numbers, Goafest outweighed its predecessors fairly well. “The total number of organisations who participated, either through their delegates or through their entries in the creative Abbys has gone over 350 this year, which is saying something,” revealed Chopra..
This year also saw the biggest number of sponsors for the advertising festival. While this couldn’t be confirmed, the very obvious branding on display for various media showcased the collective interest in making the festival more interactive and fun. Starting from the Times Network branding at the entrance to the several fun booths that TLC, ABP Live, Magic Bricks Now, Movies Now Plus, and ZOOM etc., set up across the festival, the sponsors truly livened up the three days in creative and interactive ways.
Given the successful execution of this year’s Goafest, the bar is definitely set higher for next year. Chopra however is optimistic that this ‘ By the fraternity, of the fraternity and for the fraternity’ festival will only get bigger and better in years to come.
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.
