Articles by Madhukar N Hiregange

Understanding "Aggregate Turnover" in GST

Madhukar N Hiregange 21 July 2018 at 11:38

GST is a new evolving law applicable to all types of business � trade manufacture or service. It could also apply to those who are

Understanding Input Tax Credit

Madhukar N Hiregange 21 July 2018 at 11:37

BackgroundThe Government as a part of a 40 years old unfinished agenda of implementing value added tax in India merged 11 indirect taxes of the Centre and State..

Understanding 'Aggregate Turnover' in GST

Madhukar N Hiregange 12 July 2018 at 16:44

GST is a new evolving law applicable to all types of business - trade manufacture or service. It could also apply to those who ar

1 Year of GST - Is it time for 2nd wave of reforms?

Madhukar N Hiregange 30 June 2018 at 13:25

Dear FM,Sub: GST Implementation � Is it time for next wave of GST reforms?The positives GST being enacted as a consensus effort of Sates and Centre is an

GST Revenue Officers - Visit to Compliant Tax payers premises

Madhukar N Hiregange 22 June 2018 at 11:25

It has been observed that the visits of revenue officers has started. The jurisdictional officer u/s 6(1) is ONLY supposed to come. We find both of them visit w..

Issues & solutions: Valuation, Classification, Exemption under GST

Madhukar N Hiregange 21 June 2018 at 11:10

Valuation: Deposit vs advances:Issue: Levy of GST on the deposits and advances liable? When amount is collected as deposit, then it is not taxable to GST

Draft Reply - Notice for difference in GST Input Credit

Madhukar N Hiregange 07 June 2018 at 11:01

The spate of notices on difference between GSTR 3B and 2B some of them allowing only 3 days time to reply mainly by the State GST officers in some States of

Connection Between VAT, Central Excise, Service Tax & GST

Madhukar N Hiregange 31 May 2018 at 11:14

The GST law is a mixture of the old indirect tax laws to a great extent. There are many provisions which are not as per the old provisions of VAT, Central Ex..

Some thorny issues in Tax credits in GST - Need for Govt to reform

Madhukar N Hiregange 10 May 2018 at 11:04

The credit provisions under GST is an amalgam of the Cenvat Credit provisions with some aspects of ITC borrowed from VAT. The cross credit between State and..

Use Friendly Model for GST- April 2018

Madhukar N Hiregange 19 April 2018 at 11:04

The thorny problem of simplifying the returns and taking the best out of the revenue model (comprehensively cover the parallel economy) to get maximum tax and..