Windfall tax: RIL's refining margins to be hit by upto $8/bbl, say analysts

Windfall tax: RIL’s refining margins to be hit by upto $8/bbl, say analysts

With the government making it clear that the new windfall tax will also be imposed on special economic zones, Reliance Industries’ gross refining margins (GRMs) will be negatively impacted by $6-8 a barrel, said analysts with Morgan Stanley and Jefferies. “No sunset date has been specified, though we believe this is an extraordinary measure given the inflated profit environment in refining…

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Unraveling the Tapestry of Reliance Retail Share Price: Latest News and Updates

In the bustling arena of financial markets, where every tick of the clock heralds a new opportunity, staying abreast of the latest developments is paramount for investors. Among the myriad of companies that capture the attention of market participants, Reliance Retail Ventures Limited stands out as a formidable player in the retail landscape. In this article, we delve into the latest news and updates surrounding Reliance Retail share price, dissecting the factors shaping its trajectory and providing insights into what the future may hold for investors.

Understanding Reliance Retail Ventures Limited: A Brief Overview

Before delving into the intricacies of Reliance Retail share price, it's essential to grasp the company's background and its significance in the market. Reliance Retail Ventures Limited, a subsidiary of Reliance Industries Limited (RIL), is India's largest organized retail player, with a diverse portfolio spanning multiple sectors including grocery, fashion, electronics, and digital services.

Founded by Mukesh Ambani, the chairman and managing director of RIL, Reliance Retail has redefined the retail landscape in India through its innovative business models, robust supply chain infrastructure, and customer-centric approach. With a widespread presence across urban and rural markets, Reliance Retail caters to the diverse needs of millions of consumers, offering a seamless shopping experience through its offline and online channels.

Factors Influencing Reliance Retail's Share Price

Several factors contribute to the fluctuations in Reliance Retail share price, reflecting the intricate interplay of internal dynamics and external market forces. Understanding these factors is crucial for investors seeking to decipher the rationale behind the stock's movements and make informed decisions.

1. Financial Performance: Reliance Retail's financial performance serves as a key driver of its share price. Investors closely monitor metrics such as revenue growth, profit margins, and same-store sales to gauge the company's operational efficiency and growth prospects. Positive earnings reports often translate into upward momentum in the stock price, while disappointing results may lead to corrections.

2. Expansion and Growth Strategy: Reliance Retail's expansion and growth strategy play a pivotal role in shaping investor sentiment. The company's ambitious plans to scale up its retail footprint, enter new markets, and diversify its product offerings are closely tracked by investors as indicators of future revenue growth and market dominance.

3. Strategic Partnerships and Acquisitions: Reliance Retail's strategic partnerships and acquisitions are closely scrutinized by investors for their potential to create synergies and unlock value. Collaborations with global brands, tie-ups with technology companies, and acquisitions of established players in the retail ecosystem can significantly impact the company's market positioning and Reliance Retail share price performance.

4. Digital Transformation Initiatives: Reliance Retail's foray into digital commerce and technology-driven initiatives is a key focus area for investors. The company's efforts to leverage data analytics, artificial intelligence, and e-commerce platforms to enhance customer engagement and drive online sales growth are viewed as critical factors in shaping its future competitiveness and share price trajectory.

5. Regulatory Environment and Policy Changes: Regulatory developments and policy changes in the retail sector can have a profound impact on Reliance Retail's business operations and growth prospects. Changes in foreign direct investment (FDI) regulations, taxation policies, and e-commerce regulations may create opportunities or challenges for the company, influencing investor sentiment and share price dynamics.

Recent Developments and News Impacting Reliance Retail's Share Price

As of the latest updates, several developments have influenced Reliance Retail share price, reflecting the company's response to evolving market trends and strategic imperatives. Here are some notable news items and events shaping investor sentiment:

1. Expansion into New Verticals: Reliance Retail has been actively expanding its presence in new verticals such as fashion, electronics, and digital services. The launch of exclusive partnerships with leading global brands, expansion of its omni-channel retail ecosystem, and investments in digital platforms have garnered investor attention and contributed to positive sentiment towards the stock.

2. Strategic Investments and Acquisitions: Reliance Retail has made strategic investments and acquisitions to strengthen its market position and enhance its capabilities. Notable acquisitions include the purchase of Future Group's retail assets and investments in emerging digital commerce startups. These moves are seen as strategic steps to consolidate the company's leadership position in the retail sector and drive future growth.

3. Digital Transformation and E-commerce Initiatives: Reliance Retail's focus on digital transformation and e-commerce initiatives has been met with enthusiasm by investors. The integration of JioMart, the company's online grocery platform, with its extensive offline retail network has positioned Reliance Retail as a formidable player in the rapidly growing e-commerce market, fueling optimism about its future growth prospects.

4. Financial Performance and Earnings Outlook: Reliance Retail's financial results for the latest quarter have surpassed market expectations, with strong revenue growth and improved profitability. The company's ability to sustain this momentum and capitalize on emerging opportunities in the retail sector has bolstered investor confidence and contributed to positive sentiment towards the stock.

5. Market Sentiment and Analyst Recommendations: Analyst reports and market sentiment surveys have provided insights into investor sentiment towards Reliance Retail's stock. Positive analyst recommendations, favorable outlooks, and bullish sentiment have contributed to upward pressure on the share price, reflecting confidence in the company's growth trajectory and strategic initiatives.

Looking Ahead: Prospects and Challenges

While Reliance Retail enjoys a dominant position in the Indian retail landscape, it faces a set of challenges and opportunities as it charts its course for future growth. Key factors that will influence Reliance Retail share price include:

1. Market Leadership and Competitive Positioning: Reliance Retail's ability to maintain its market leadership position and fend off competition from domestic and international players will be critical for sustaining investor confidence and share price appreciation. Continuous investments in brand building, customer experience, and operational excellence are essential to retaining market share and driving growth.

2. E-commerce Penetration and Digital Innovation: Reliance Retail's success in capturing a larger share of the burgeoning e-commerce market will be instrumental in driving future revenue growth and shareholder value. The company's ability to leverage its digital capabilities, scale up its online platforms, and offer differentiated value propositions to consumers will be key determinants of its competitiveness and share price performance.

3. Regulatory Compliance and Policy Dynamics: Reliance Retail must navigate regulatory challenges and policy uncertainties in the retail sector effectively. Engaging with regulators, advocating for conducive policy frameworks, and ensuring compliance with regulatory requirements are essential to mitigating risks and maintaining investor confidence amidst evolving regulatory dynamics.

4. Consumer Demand and Spending Patterns: Reliance Retail's fortunes are closely tied to consumer demand and spending patterns, which are influenced by factors such as economic growth, income levels, and consumer sentiment. Monitoring shifts in consumer behavior, adapting to changing preferences, and offering relevant product offerings are crucial for driving footfall and sales growth, thereby supporting share price appreciation.

5. Global Economic Trends and Geopolitical Risks: Reliance Retail share price is susceptible to global economic trends and geopolitical risks that may impact commodity prices, currency exchange rates, and market sentiment. Monitoring macro-economic indicators, geopolitical developments, and global market trends is essential for assessing the broader economic context in which Reliance Retail operates and making informed investment decisions. In conclusion, Reliance Retail share price is influenced by a myriad of factors, including financial performance, strategic initiatives, regulatory environment, market sentiment, and global economic trends. By staying abreast of the latest news and developments surrounding the company, investors

What is the strategy in Reliance stock?

Reliance Industries Limited (RIL) is one of the largest conglomerates in India, with interests spanning across various sectors such as petrochemicals, refining, oil & gas exploration, retail, telecommunications, and digital services. When discussing a strategy for investing in Reliance stock, it's crucial to consider various factors including the company's financial health, its competitive position in the market, industry trends, and broader economic conditions. Here's a comprehensive strategy outline for investing in Reliance stock:

Research and Fundamental Analysis: Before investing in any stock, including Reliance, thorough research and fundamental analysis are essential. This involves studying the company's financial statements, understanding its business model, analyzing its competitive advantages (such as market share, brand recognition, and technological leadership), evaluating its growth prospects, and assessing potential risks.

Long-Term Investment Perspective: Reliance is known for its long-term growth potential and diversified business portfolio. Investors often adopt a long-term investment perspective when investing in Reliance stock, considering the company's track record of innovation, expansion into new sectors, and ability to capitalize on emerging opportunities. Long-term investors may focus on factors such as revenue growth, earnings stability, and dividend payouts over several years.

Diversification: While Reliance is a prominent player in multiple sectors, including energy, retail, and telecommunications, investors should diversify their portfolios to mitigate risk. Diversification involves spreading investments across different asset classes, industries, and geographical regions to reduce the impact of adverse events affecting any single investment.

Monitor Industry Trends: Reliance operates in dynamic industries characterized by technological advancements, regulatory changes, and evolving consumer preferences. Investors should stay updated on industry trends, such as the adoption of digital technologies, shifts in energy consumption patterns, and changes in consumer behavior, to assess Reliance's competitive position and anticipate future opportunities or challenges.

Keep an Eye on Regulatory Environment: Regulatory developments can significantly impact Reliance's operations and financial performance. Investors should monitor regulatory changes related to sectors in which Reliance operates, such as energy, telecommunications, and retail, to gauge potential risks and opportunities arising from government policies, licensing requirements, taxation, and environmental regulations.

Evaluate Management Quality: The leadership and management team play a crucial role in driving Reliance's strategy, execution, and corporate governance practices. Investors should evaluate the quality and track record of Reliance's management team, including its ability to innovate, allocate capital efficiently, and create long-term shareholder value.

Technical Analysis (Optional): Some investors may incorporate technical analysis techniques, such as chart patterns, moving averages, and momentum indicators, to identify potential entry and exit points for trading Reliance stock. However, fundamental analysis typically holds more weight for long-term investors focused on the company's underlying business fundamentals.

Risk Management: As with any investment, there are inherent risks associated with investing in Reliance stock, including market volatility, economic downturns, regulatory risks, and company-specific challenges. Investors should assess their risk tolerance and implement risk management strategies, such as setting stop-loss orders, diversifying their portfolios, and maintaining a long-term perspective.

Stay Informed and Adapt: Markets are constantly evolving, and new information can impact investment decisions. It's essential for investors to stay informed about developments related to Reliance, its industry peers, and the broader market environment. Being adaptable and willing to adjust investment strategies based on new information and changing market conditions is crucial for long-term success.

Remember that investing in stocks carries inherent risks, and past performance is not indicative of future results. It's advisable to consult with a financial advisor or investment professional to tailor an investment strategy that aligns with your financial goals, risk tolerance, and investment horizon. Additionally, conducting your due diligence and staying disciplined in your investment approach can help navigate the complexities of investing in Reliance stock or any other equity investment.

LTP Calculator Overview:                                    

LTP Calculator is a comprehensive stock market trading tool that focuses on providing real-time data, particularly the last traded price of various stocks. Its functionality extends beyond a conventional calculator, offering insights and analytics crucial for traders navigating the complexities of the stock market.

Also Available on Play store  -  App

https://play.google.com/store/apps/details?id=com.ltpcalculator.android/

Key Features:

Real-time Last Traded Price:

The core feature of LTP Calculator is its ability to provide users with the latest information on stock prices. This real-time data empowers traders to make timely decisions based on the most recent market movements.

User-Friendly Interface:

Designed with traders in mind, LTP Calculator boasts a user-friendly interface that simplifies complex market data. This accessibility ensures that both novice and experienced traders can leverage the tool effectively.

Analytical Tools:

Beyond basic price information, LTP Calculator incorporates analytical tools that help users assess market trends, volatility, and potential risks. This multifaceted approach enables traders to develop a comprehensive understanding of the stocks they are dealing with.

Customizable Alerts:

Recognizing the importance of staying informed, LTP Calculator allows users to set customizable alerts for specific stocks. This feature ensures that traders receive timely notifications about significant market movements affecting their portfolio.

Vinay Prakash Tiwari - The Visionary Founder:

At the helm of LTP Calculator is Vinay Prakash Tiwari, a renowned figure in the stock market training arena. With a moniker like "Investment Daddy," Tiwari has earned respect for his expertise and commitment to empowering individuals in the financial domain.

Professional Background:

Vinay Prakash Tiwari brings a wealth of experience to the table, having traversed the intricacies of the stock market for several decades. His journey as a stock market trainer has equipped him with insights into the challenges faced by traders, inspiring him to develop tools like LTP Calculator.

Philosophy and Approach:

Tiwari's approach to stock market training revolves around education, empowerment, and simplifying complexities. LTP Calculator reflects this philosophy, offering a tool that aligns with his vision of making stock market information accessible and understandable for all.

Educational Initiatives:

Apart from his contributions as a tool developer, Vinay Prakash Tiwari has actively engaged in educational initiatives. Through online courses, webinars, and seminars, he has shared his knowledge with aspiring traders, reinforcing his commitment to fostering financial literacy.

In conclusion, LTP Calculator stands as a testament to Vinay Prakash Tiwari's dedication to enhancing the trading experience. As the financial landscape continues to evolve, tools like LTP Calculator and visionaries like Tiwari sir play a pivotal role in shaping a more informed and empowered community of traders.

MARKET LIVE: Sensex soars 400 pts; broader indices outperform; RIL up 2.5%

MARKET LIVE: Sensex soars 400 pts; broader indices outperform; RIL up 2.5%

Experts said the FM’s decision to go for asset monetisation, instead of an increase in taxation, helped soothe investors’ nerves | Photo: PTI : Bucking the weak trend in Asian markets, domestic equity indices started higher on Tuesday amid a healthy buying in metal, realty, and pharma counters. Among key indices, the benchmark S&P BSE Sensex quoted at 48,731 levels, up 344 points. Tech M, Bajaj…

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How to access Reliance 43rd AGM WhatsApp Chatbot Assistant

The Reliance Industries Limited (RIL) launched a WhatsApp chatbot in order to assist its shareholders, media, and the public for the queries regarding RIL’s upcoming 43rd AGM. Since the coronavirus situation has restricted mass-gathering, Reliance is going for a virtual meeting for the first time in its history.

FYI, India’s biggest company Reliance Industries always holds an annual meeting with lakhs of shareholders called RIL’s Annual General Meeting (AGM). The Chatbot can help access relevant details, used to cast vote, and answer FAQs related to the AGM.

ALSO READ: Google For India 2020 Highlights

Reliance AGM WhatsApp Chatbot Assistant

The WhatsApp Chatbot is created by the Reliance subsidiary Haptik Technologies. Jio Haptik has released a WhatsApp number +91-7977111111 to go for the chatbot assistance. 

The Chatbot is enabled to help the stakeholders with event schedule, general FAQs, AGM guidance, voting on resolutions, taxation, FAQ videos, and assisting with links and documents as well.

Following steps need to be taken to use the RIL’s WhatsApp Chatbot Assistant:

Users have to send a ‘Hi’ message to the +91-7977111111 via WhatsApp. Better Save the number before proceeding.

The Chatbot will present a list of its offerings associated with numbers. The user needs to respond with a corresponding option to get assisted with.

Once responded with a valid option, an instant message will appear showing the solution.

Users can further key in other relevant options and proceed accordingly.

ALSO READ: Realme C11 Review

The new Reliance service is available across all the mobile platforms and devices supporting WhatsApp. The chatbot is opened 24×7 for its around 26 lakhs shareholders. 

The last few months have been interesting for Reliance on aspects of launching new products and cracking a few deals. This includes a Facebook deal, a Silver Lake deal, JioMeet launch, and a Super-app launch to name a few.

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Reliance Industries, Facebook weigh creating a super-app

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Reliance Industries, Facebook weigh creating a super-app

Mumbai: Mukesh Ambani-led Reliance Industries and Facebook are exploring the possibility of creating a multipurpose app, similar to Chinese super-app WeChat, by leveraging the WhatsApp platform and user base, said four people familiar with the matter. The two would bring in funding, technical knowhow and domain expertise for the project, they said.

As per the ongoing discussions, which have been delayed due to the Covid-19 pandemic, the idea is to create an app that is not just a communication platform but one where users would also be able to buy groceries through Reliance Retail stores, or shop at ajio.com, or make payments using JioMoney.

The plan is to create a super-app on the lines of WeChat, which combines digital payments, social media, gaming as well as flight and hotel bookings, among other features. Such an app would provide RIL a two-fold benefit — provide B2C engagement for its consumer businesses, and provide the group insights on users’ spending habits.

COMMERCIAL DUE DILIGENCE ON Commercial due diligence for the project is currently on. Morgan Stanley has been appointed the investment banker.

An emailed questionnaire to Reliance did not elicit any response as of press time Wednesday. Facebook refused to comment.

“The negotiations are being compartmentalised. So, someone working on the commercial side wouldn’t know what’s happening on the technology or the financial aspects of the deal,” said a person with direct knowledge of the matter. “This is going to be a defining partnership, and it’s not just a financial investment. The deal is about creating value and a business that would differentiate both Facebook and Reliance,” said another person.

FINAL STRUCTURE NOT CLEAR All the people ET spoke to said the situation is fluid, and that it is still unclear how the final structure would look like.

“A new company could be created — where both the players could invest; or Facebook could invest in Reliance Jio and Reliance Retail, and that is the way the partnership could be formed for the new venture,” said another person who is part of a team working on the deal.

He added that both the companies have hired top consultants and lawyers based in the US to explore all aspects — from legal issues to taxation.

Financial Times had reported on March 24 that Facebook is eyeing a multibillion-dollar stake in Reliance Jio. The report said Facebook could pick up 10% in Reliance Jio for “billions of dollars”.

“There is going to be a collaboration, but it’s not clear how the companies will come together since a lot would depend on commercial viability and the technical knowhow both the players would bring in,” said a third person.

COVID DELAYS People close to the development also hinted that the deal may take longer due to the Covid-19 pandemic. “The priority for Reliance Retail right now is to keep stores running so that consumers get supplies. Also, there are travel restrictions right now, which create problems,” he said.

The executive said Reliance Industries has publicly said the company was looking to raise money for Reliance Jio and Reliance Retail. “It doesn’t matter whether the money comes from one investor or another,” he added.

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Reliance Industries (RIL) is ready to unleash its e-commerce dark horse to take on the likes of Amazon India and Walmart-owned Flipkart. Chairman and Managing Director Mukesh Ambani on Friday said Reliance Retail and Reliance Jio Infocomm were set to jointly launch their new e-commerce platform in the country.

At the inauguration of the three-day Vibrant Gujarat summit, Ambani said Gujarat was where the company would start operations while apprising Prime Minister Narendra Modi of the global conglomerate’s online marketplace plans.

“Jio and Reliance Retail will launch a unique new commerce platform to empower and enrich our 1.2 million small retailers and shopkeepers in Gujarat, which are part of the over 30-million (retail) community in India,” he said.

–– ADVERTISEMENT ––

Ambani added the e-commerce business would empower 1.2 million shopkeepers in Gujarat. It was during RIL’s 41st annual general meeting last year that Ambani had given a gist of his e-commerce plans.

RIL to take on Amazon, Flipkart; Mukesh Ambani bats for data localisation According to sources, with as many as 50 brand new warehouses specifically for e-commerce operations, 3 million small merchants hooked to cloud-based services, a new set of small format fashion stores called Trend Express and an inventory-based online marketplace model, Reliance is set to be the biggest player after Amazon India and Flipkart. The firm has 7,500 stores, 350 million customers, 215 million Reliance Jio users, a well-oiled backend machinery of a telecom network, digital money wallet JioMoney, and a taxation and inventory management solution JioGST. Sources said the company had been working on its e-commerce plans for more than three years.

The company has been adding a slew of private labels, acquiring controlling stakes in various fashion brands, and is in discussion with several fashion retail brands in the country to create a separate line of co-branded only for Reliance-made products, which it would be selling via a new chain of small format retail stores called “Trend Express”.

Reliance, which is calling its online marketplace an extension of its brick and mortar outreach, will not have any sellers or vendors on the platform and follow an inventory-based model.

"Reliance wants to be the sole supplier of inventory to its merchants, mom and pop stores and retailers all over the country. It will sell inventory through its B2B arm, which would be then sold by its merchants offline as well as on Jio's online marketplace,” said a senior consultant advising Reliance on logistics and supply chain.

Launching the digital wallet JioMoney, tax solution JioGST and its Payments Bank have been key developments in the run-up to the launch of its online marketplace. Ambani also reiterated his stand on data localisation. He urged Modi for migration of control and ownership of data to India. Ambani called for a “movement against data colonisation”, a move seen as against global tech majors like Google, Facebook and Apple owning and storing abroad data belonging to Indians.

"The entire world has come to recognise you (Modi) as a man of action. I therefore conclude with a suggestion for your kind consideration...India's data must be controlled and owned by Indian people and not by corporates, especially global corporations. For India to succeed in this data-driven revolution, we will have to migrate the control and ownership of Indian data back to India. I am sure you will make this one of the principal goals of your Digital India mission,” Ambani said.

GST impact on mobile phone bills: Here is how much you will pay for 4G and calls from July 1 indiatoday.intoday.in Jun 27, 2017 1:30 PM  Like it or hate it, but bottom-line is, you just can't ignore Reliance Jio. The Mukesh Ambani-led Reliance Industries Limited (RIL) subsidiary, has single-handedly, opened the floodgates to a telecom revolution in the country: a telecom revolution like no other. "We're seeing Internet data costs -- from 20 years ago to now -- continuing to drop. Of course with Reliance Jio, no one has (d) ever seen a free mobile network that cost 20 billion dollars to build. It's one of the more extraordinary things anywhere in the world. We are excited to be part of that because the viewing of our shows has gone up a lot on the Jio network," co-founder and chief executive of Netflix Reed Hastings had said on his maiden trip to India recently. Netflix is a US-based company that specialises in Internet-streaming services. The revolution it started has also made incumbent players realise they can't be overcharging customers for inefficient/inadequate services. The revolution that Jio started has brought to light the fact that incumbent players were essentially hoarding on data. They are now offering heaps of it for free or at negligible cost. Their connectivity also seems to have improved over time. Come July 1, the Indian telecom sector is set to witness another revolution: the Goods and Services Tax (GST). Experts are hailing GST as one of India's greatest indirect tax reforms ever, but, at the same time, they are wary about some of the changes that the one tax to rule them all regime could bring to the nation. At least, in the short term. The Government, of course, wants them to look at the broader picture. The long-term benefits of GST -- much like the demonetisation drive -- are immense, the Finance Ministry chaired by Arun Jaitley argues. The Goods and Services Tax (GST) envisages a system of taxation which merges many individually applied indirect taxes levied by the central and state governments at various points in the circulation of products and services within the country into a single tax. On the one hand, foodgrains, milk an

RIL, SAP be part of arms to foray into GST software program business

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RIL, SAP be part of arms to foray into GST software program business

An IT services arm of Reliance Industries and enterprise software company SAP have signed a settlement to collectively release ‘Saral GST’ technique to serve taxpayers beneath the products and services tax (GST) regime.

“Reliance Company IT Park Confined (RCITPL) – a subsidiary of Reliance Industries Restricted today announced that it has signed a Memorandum of Understanding (MoU) with SAP SE to launch ‘SARAL GST’ solution for taxpayers inside the GST regime,” each the businesses said in a statement.

The Saral GST platform will permit taxpayers to be GST compliant and get entry to the government’s GST system. The GST is to be rolled out from July 1, 2017.

“SARAL GST represents the extension of the 2-decade partnership among SAP and Reliance to assist taxpayers to remodel right into a comfy digital enterprise with giving up-to-end support,” Reliance GST Projects Head Rajkumar N Puglia stated.

SARAL GST will leverage the understanding of RCITPL as GST Sudha provider (GSP) and SAP as Application Carrier issuer (ASP).

GST Considerations For brand new business Proprietors the goods and offerings Tax or GST is a consumption tax this is charged on maximum items and services offered within Canada, regardless of in which your commercial enterprise is positioned. The concern to sure exceptions, all companies are required to charge GST, presently at five%, plus relevant provincial income taxes. An enterprise successfully acts as an agent for Sales Canada by gathering the taxes and remitting them on a periodic basis. organizations are also authorized to claim the taxes paid on fees incurred that relate to their enterprise sports. These are known as entering Tax Credits.

Does Your business Want to Register?

Previous to engaging in any sort of business activity in Canada, all commercial enterprise Proprietors Need to determine how the GST and applicable provincial taxes apply to them. Essentially, all businesses that sell goods and offerings in Canada, for income, are required to rate GST, except in the following instances:

Envisioned income for the enterprise for 4 consecutive calendar quarters is predicted to be much less than $30,000. Revenue Canada views These businesses as small suppliers and they may be therefore exempt. The business interest is GST exempt. Exempt items and services include residential land and belongings, infant care services, most fitness and medical services and so on. Even though a small provider, i.E. A business with annual income much less than $30,000 is not required to report for GST, in

a few cases, it’s far useful to do so. Considering that a commercial enterprise can best declare Input Tax Credits (GST paid on charges) if they are registered, many groups, especially within the begin up section in which charges exceed sales, may also locate that they’re capable of getting better a vast amount of taxes. This needs to be balanced against the potential aggressive benefit done from not charging the GST, as well as the additional administrative prices (problem) from having to record returns.

Bookkeeping – Taking care of ATO and GST Opposite to popular notion, bookkeeping is not just about “preserving” or writing the books of accounts. Present day commercial enterprise bookkeeping includes keeping money owed with appreciate to a number of taxes worried. it is thrilling to be aware that whilst governments internationally have simplified or are simplifying tax rates and collection procedures, they are additionally casting a wider tax internet to cover extra people, businesses, and offerings.

Seemingly, governments Want funds to perform their capabilities and taxes are the handy, if the unpopular mode of funding the governments. more taxes mean greater compliance. This indicates corporations should rent some of the accountants for internal auditing and to manage payroll tax, profits tax, Corporate tax, excise, sales tax and loads greater.

Speak of income tax (additionally known as items and services Tax (GST) here in Australia or Fee Brought Tax (VAT) some place else), the accounting and compliance processes vary from use to u. S . A .. International, the older regime of sales tax has been replaced with greater sensible VAT or GST. As of 2011, simplest a dozen abnormal nations are VAT-unfastened.

Barring a few exemptions, Australian Taxation Office (ATO) calls for all businesses to get registered underneath GST and lodge enterprise pastime Statements for each sector ending March, June, September and December within twenty days of the quit of every zone. Introduced in 2000 as part of tax reforms, the GST has come below grievance specifically from small and medium organizations.

BAS proves to be quite an exercising if an entity has manufacturing centers and offices spread over several places. But, the scheme is quite flexible in that the BAS can be organized and submitted by several techniques. A Very small employer can manually submit the BAS. SMEs can rent bookkeeping services or accounting services to do the job. One also can use tax software program and motel the BAS electronically.

The first-rate technique for BAS submission is However via tax agents and professional accounting services because they are very well-versed in start to cease ATO approaches, inclusive of coaching, submission, fee, time limits, due date extension and GST audit. In addition they hold abreast of the adjustments in GST rules and regulations so you Want now not worry about the BAS compliance. In place of paying complete time salaries to employees, it’s miles prudent to outsource the process to folks that recognize how to do it professionally. The best component about such accounting bookkeeping services is that they help you get GST refunds anywhere and whenever due.

Reliance Industries Ltd, which operates the world's largest single-location refinery, is facing certain difficulties. While the gross margin of its refining business hit a multi-year low, the petcoke gasification plan is stuck with a ‘scaling up’ hurdle.

Also, part of its margin upside prospects hinges on timely implementation of new regulations for bunker fuel.

For the September 2018 ended quarter, RIL reported a gross refining margin (GRM) of $9.5 per barrel. The company last reported a single digit GRM in the December 2014 ended quarter.

“A tight crude market has reduced RIL’s competitive advantage of sourcing difficult-to-process cargoes as the premium on these items has come off,” analysts at JP Morgan wrote in a recent note on the company.

The benchmark Singapore refining margins, to which RIL enjoys a premium, has also been under pressure. “Singapore refining margins have been particularly weak this month as gasoline cracks slumped in line with weakness in the US and Europe but should improve over the next couple of months as demand picks up seasonally,” said Platts Analytics, a provider of energy and commodities information.

A lot also depends on how crude oil prices move from here on, as well as demand from customers.

Rahul Prithiani, director with CRISIL Research, said the rise in crude oil prices will have a further impact. “Rise in crude oil prices is expected to impact GRMs of refiners if high crude oil prices can't be passed on to end consumers. Moreover, sluggish growth in demand for petroleum products alongside supply glut in the Asian market is expected to put further pressure on the GRMs of Indian refiners.”

The JP Morgan analysts note that in the current scenario, IMO 2020 and the gasifier are extremely important for RIL’s FY20-21 earnings and de-leveraging. However, there are some uncertainties on both counts. Closer home, RIL at present, is facing concerns on the scale-up of its ambitious petcoke gasification project. The company informed analysts that there have been technical challenges in the continuous synchronised operations of petcoke gasifiers. The company hopes the problem will be over by March next year. The project, once fully operational, is expected to add $2 per barrel as GRMs for the company.

Both RIL’s management and analysts expect the IMO regulations to further add to RIL’s earnings.

chart The JP Morgan report hopes IMO 2020-related earnings before interest, taxation, depreciation and ammortisation (Ebitda) addition will be at Rs 32 billion and Rs 59 billion in FY2020 and FY2021, respectively. But delay in implementation of these regulations could curtail the expected upside. The United States is reported to have proposed certain changes to the implementation of these rules. However, not everyone is concerned on what stand the US takes.

“The global refining industry and the shipping industry have invested good amount of resources to comply with the new regulations on time. They have been preparing for it for a few years now. Companies will aim to comply, although the level of implementation may vary from country to country,” said Sambit Mohanty, senior Asia oil editor at S&P Global Platts.

However, not everyone is worried but is hopeful RIL’s integrated model will save the day.

“If one was to look at the company’s earnings between 2009 and 2015, it is clear that RIL managed to expand earnings (now in the range of Rs 300 billion or above in the last three years), either through good refining performance or through petrochemicals. RIL’s integrated model helps it ride commodity uncertainties and that should continue,” said an oil and gas analyst, who did not wish to be identified.

Moreover, on a consolidated basis, consumer businesses such as telecom (digital services) and retail have started to deliver.

Mukesh Ambani-led Reliance Industries (RIL) posted a 17.9 per cent year-on-year growth in its June 2018 quarter (Q1) net profit (excluding exceptional items) on the back of robust performance of its petrochemicals (petchem) operations as well as strong show in the retail and telecom businesses.

For the April-June 2018 quarter, RIL posted a net profit of Rs 94.59 billion compared to Rs 91.08 billion reported in the year-ago quarter, which is a rise of 3.9 per cent.

However, the year-ago period included an exceptional gain of Rs 10.87 billion. Adjusted for this, the net profit in year-ago quarter would work out to Rs 80.21 billion.

The company’s revenue (net of duties such as GST and excise) for the quarter under review surged 54.3 per cent to Rs 1.29 trillion from Rs 835 billion during the April to June quarter of the financial year 2017-18.

In a Bloomberg poll, analysts had estimated the consolidated revenue at Rs 1.27 trillion and net profit at Rs 95.54 billion.

While the lower-than-expected profit is due to a strong rise in finance costs, fall in other income and surge in taxes, the operational performance was good across most businesses.

Earnings before interest and taxation (EBIT) for the petrochemicals business, for instance, was Rs 78.57 billion, almost double the Rs 40.31 billion in the year-ago quarter. Even sequentially, it was up 22 per cent.

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“The big standout is the petchem business. Before we started the expansion in FY13, the segment’s earnings before interest, tax, depreciation and amortisation or operating profit (EBITDA) for the whole year was at this (Q1FY19) level. Petchem benefitted from volume increase and margin expansion,” said V. Srikanth, joint chief financial officer of RIL.

graph The increase in revenue is mainly on account of higher realisations of refining and petrochemical products led by 49 per cent year-on-year increase in Brent crude oil price. The company said in a statement that increased revenues also reflect higher volumes with start-up and stabilisation of petrochemicals projects.

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With the completion of expansion in the petchem segment, Srikanth said volumes for the business will stabilise at the current levels. Sharing a timeline on the refinery off-gas cracker (ROGC) project, the company officials added that four of the 10 gasifiers are operational, and the rest will be stabilised in the coming quarter. This project is adding to the division's profitability, a trend likely to sustain, going ahead.

RIL’s gross refining margins (GRM) for the June quarter was seen at $10.5 per barrel, lower than the $11.8 per barrel reported in the same period a year ago. The company attributed this to weakness in the light distillates segment. However, the GRM number is along Street expectations.