Articles by CA Akshay Hiregange

GST on supply of used vehicles

Posted by CA Akshay Hiregange 08 April 2020 4483 Views

A registered person dealing in second-hand sale of a motor vehicle (which is falling under chapter 87) was eligible to claim the abatement of 35% of the value of taxable supplies and pay GST on only 65% of the value of supply of such motor vehicle on fulfilling prescribed conditions.

RCM on import of services including intellectual property

Posted by CA Akshay Hiregange 07 April 2020 2984 Views

This article would help persons who have large number of foreign clients, persons who attend foreign business events held outside India, or have holding company outside India including procurement of services from outside India.

ITC claim restricted to 120% of GSTR 2A : Detailed analysis

Posted by CA Akshay Hiregange 19 November 2019 13460 Views

The government has taken a pre-emptive action to curb incorrect Input Tax Credit (ITC) claims after various frauds were unearthed in the past year on claimed ITC on fake invoices, or through physically non-existent businesses.

FY 2018-19: Actions in September 2019 GST returns

Posted by CA Akshay Hiregange 10 October 2019 18061 Views

FY 2018-19: Actions in September 2019 returns

FY 2017-18: Actions in March 2019 returns & Annual Returns

Posted by CA Akshay Hiregange 11 April 2019 24336 Views

Introduction:The main intention of removal of difficulties (ROD)order no. 02/2018 was to facilitate all the registered persons providing additional opportunity ...

In depth analysis of GST return

Posted by CA Akshay Hiregange 04 April 2019 26314 Views

SUMMARY OF NORMAL RETURN:This document contains discussion on various details to be filled in the new �NORMAL� return. Readers could refer to the fo

New proposed GST Returns and challenges

Posted by CA Akshay Hiregange 03 April 2019 15295 Views

IntroductionThe GST council in its 27th council meeting on 4th May 2018 had approved the proposed simplified GST returns format.In the 31st GST council meeting ...