Everything a finance person must know - re-brewed every 10 minutes
Shell posted a nearly doubled quarterly profit compared to the previous year, driven significantly by record-high refining margins. This substantial financial growth highlights strong operational performance across key downstream segments during the period. Market observers continue to monitor these profit trends closely.
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A practical compliance overview outlines critical GST e-invoicing mandates, emphasizing the ₹5 crore threshold for businesses. The guidelines detail requirements for Invoice Reference Number generation, 30-day reporting restrictions, cancellation procedures, input tax credit claims, and departmental scrutiny measures.
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CBIC Circular 265/11/2026 provides definitive tax clarifications regarding sublimation paper, toys, used-vehicle input tax credit, and seaweed-derived biostimulants. The guidance specifically addresses how businesses should handle historical tax treatments for these specified commercial categories.
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National Payments Corporation of India has collaborated with the International Institute of Information Technology, Hyderabad. This joint effort aims to enhance cybersecurity measures across digital payment platforms. Both institutions will work on advanced technological solutions to protect financial networks.
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Notification 07/2026-Central Tax mandates a 2 percent tax deduction at source on business transactions involving used cooking oil, plastic, tyres, metal scrap, and e-waste starting 1 November 2026. This administrative change aims to bring greater transparency to the secondary recycling and scrap sectors.
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Notification 05/2026-Central Tax (Rate) updates the regulatory framework governing tax exemptions on gold, silver, and platinum supplies. Effective 1 November 2026, the amendments formally link recognized nominated agencies directly to DGFT Appendix 4B classifications.
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Hindustan Unilever posted a 4 percent year-on-year rise in Q2 FY27 net profit at Rs 2,790 crore with revenue up 15 percent to Rs 18,226 crore. Brokerage firms including Jefferies, Nomura, and JM Financial lowered their target prices while retaining upside projections up to 29 percent. Company shares advanced 3 percent following the financial announcement.
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GST Notification 04/2026 extends mandatory electronic invoicing requirements to reverse charge self-invoices and cross-border import of services transactions beginning 1 January 2027. Businesses must review their applicability status to ensure compliance with upcoming digital reporting rules.
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Notification 03/2026-Central Tax introduces revised operational guidelines governing post-sale discounts, credit note issuances, provisional tax refunds, and small exporter compliance procedures effective 1 November 2026. These regulatory adjustments redefine how businesses process financial adjustments and claim pending refunds.
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Indian aviation companies face mounting financial pressure, with a ratings agency projecting net losses between Rs 36,000 crore and Rs 38,000 crore this fiscal year. Rising aviation turbine fuel costs and foreign exchange losses drive the deficit. Additionally, the US-Israel-Iran conflict is expected to slow air passenger traffic growth.
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CBIC Circular 266/12/2026-GST provides official clarifications on research and development exemptions, shipping operations, car leasing, TRAI guidelines, bank foreign trade interest, and the taxability of non-banking financial company co-lending services. The guidance resolves various ambiguities faced by financial and corporate sectors.
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GST registration mandates extend beyond standard turnover caps of Rs 20 lakh and Rs 40 lakh. Businesses must navigate specific statutory sections, compulsory registration rules, and inter-State supply regulations. Understanding these provisions helps avoid statutory penalties and compliance failures.
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