Articles by Madhukar N Hiregange

New Service Tax Returns

Posted by Madhukar N Hiregange 28 June 2016 144928 Views

New Service Tax Return- Few Suggestions By CA Madhukar N Hiregange & CA Roopa Nayak A few years back we heard that the combined excise and service tax return would be 1 page. This was not to be as reform implementation have failed in the last

Professional Opportunity - Central Excise - Jewellery

Posted by Madhukar N Hiregange 24 June 2016 11551 Views

The new assessee engaged in manufacture of jewellery may find it difficult to cope with compliance requirements under Central Excise law. The liability starts from 1st March 2016 though some procedural relaxations provided to the Jewellery segment.T

Budget Changes We would Like to See

Posted by Madhukar N Hiregange 14 June 2016 5937 Views

Vote on Account / Budget 2009- Suggestion under Service Tax.This exhaustive notation from our side covers the issues which have been bought to our notice or tho...

Validity of Service Tax Audit - June 2016

Posted by Madhukar N Hiregange 09 June 2016 22036 Views

In the past there have been a lot of disputes with quashing of Rule on audit [5A(2)], leading to questioning of legality of service

Possible Best Practices - Branches of ICAI

Posted by Madhukar N Hiregange 22 February 2016 6312 Views

The Organisation of the ICAI is in 3 levels- The Central Council � To make Policies; The Regional Councils � To spread the policies and enable/ empower branches to take forward; and the branches to actually execute/ implement the policie

Value Addition through Cenvat Credit

Posted by Madhukar N Hiregange 21 January 2016 11306 Views

The manufacturers and service providers today are facing increasing tax rates some of which may need to be absorbed while dealing with customers who cannot avail the credit. Even otherwise the non availment of eligible credit

Governance at ICAI - Election of VP

Posted by Madhukar N Hiregange 18 January 2016 3968 Views

Vice President/ President Election Manifesto � 2016-17. The election of the Vice President of ICAI would be on 12th February 2016. Central Council members would vote. 32 elected + 8 Govt. Nominees. Members this year have voted for candidates wh

How to be Effective Professionals- Important Vs Urgent

Posted by Madhukar N Hiregange 26 December 2015 19151 Views

Madhukar N HiregangeWe as professionals sometimes wonder why we are not reaching our goals in profession and life. This is inspite of putting in hard work and wanting to do all activities well. This is especially true in growing in career or in prac

GST Returns: Whether a Compliance Nightmare?

Posted by Madhukar N Hiregange 24 December 2015 20983 Views

By CA Madhukar N Hiregange & Adv. K.S.Naveen KumarIntroduction:A return is a mirror reflection of the state of financial affairs of an assessee for a specified period. It serves as an important link between the taxpayer and tax administration in

Refunds w.r.t service exports under GST

Posted by Madhukar N Hiregange 02 December 2015 9255 Views

By CA Madhukar N Hiregange & Adv.K.S.Naveen Kumar Prelude: Export refunds are often a subject matter of dispute and bone of contention between the exporter and the tax department in the context of indirect taxes in India. While the policy of th