Articles by Madhukar N Hiregange

avatarView Full Profile

Understanding the GST Model Law- Input Tax Credit

Posted by Madhukar N Hiregange 17 January 2017 20331 Views

The GST philosophy was based on seamless credit not only of all taxes but all taxes used for business without restriction. This is not so.



Understanding the Model Law- Part-1 (Conceptual Issues to Succeed)

Posted by Madhukar N Hiregange 03 January 2017 9624 Views

The GST model law as it stands is a disaster- totally loaded against the honest tax payer- too cumbersome for the SMEs. Needs a major surgery.



Helicopter view of GST Model Law - June 2016

Posted by Madhukar N Hiregange 25 December 2016 35216 Views

It appears that the GST maybe ushered in by April 2017. Industry, Officers, and Professionals need to be aware to meet these challenges. A brief write up.



Leakage of Indirect Taxes in Past - Suggested Measures to Plug in GST

Posted by Madhukar N Hiregange 25 October 2016 6737 Views

The Indian tax laws have evolved over period of time to become complicated due to the existence of the parallel economy, complicated laws, high rate of multiple taxation, large scale corruption in the State VAT administration and to a lesser extent i



Seamless Credit in GST - A Dream?

Posted by Madhukar N Hiregange 22 October 2016 11427 Views

Free and full credit of tax paid at earlier point is the key to success of GST. Maybe not to be?



GST - Composition - A dangerous Option

Posted by Madhukar N Hiregange 22 October 2016 8825 Views

The big eat the small. Under GST the death kneel for small businesses in the form of Composition scheme and elaborate return requirement if not in.



Understanding GST Model Law- Taxable person

Posted by Madhukar N Hiregange 18 July 2016 5605 Views

Collecting taxes before they are due is unfair to tax payers- practice continued under GST



Understanding GST Model Law - Time of supply of goods

Posted by Madhukar N Hiregange 18 July 2016 10009 Views

Chanakya in his arthashastra said- do not pluck the fruits before they are ripe. Revenue dept- has been doing this for some time



Understanding GST Model Law: Levy- Part-3

Posted by Madhukar N Hiregange 09 July 2016 11049 Views

GST Law needs to be simple and not restrictive. Tax to be collected like bee collecting honey.



Understanding the GST Model Law: Meaning of "Supply"- Part 2

Posted by Madhukar N Hiregange 09 July 2016 11733 Views

Understanding the meaning of supply is important to be able to appreciate the GST Law as all supplies are taxable.




Popular Articles





CCI Pro

CCI Articles

submit article