Articles by Madhukar N Hiregange

Impact of imposition of Swachh Bharat Cess - Few issues

Posted by Madhukar N Hiregange 17 November 2015 14479 Views

This festive season, service sector has witnessed imposition of Swachh Bharat Cess (SBC) in very hasty move by government. It was promised at the time of the budget that it would only be imposed on some services. Govt has gone back on its word. Furth

Registration Process under GST

Posted by Madhukar N Hiregange 13 November 2015 5918 Views

A. Prelude:The success of GST would depend to a large extent on a robust GST Network as it will be the medium of sharing information between the tax department and tax payers and one of the impo

Payments under GST - Business Process

Posted by Madhukar N Hiregange 05 November 2015 8715 Views

Introduction:The Joint Committee has submitted its report on various business processes in April 2015 and it was made public in October 2015. The report on GST payment process deals with aspect

Opportunities unfolding for Chartered Accountants in GST

Posted by Madhukar N Hiregange 29 October 2015 39930 Views

The Government is committed to pass the GST bill in the winter session of parliament this year (2105). However considering the many stages post the passing of the bill of: recommendation of GST council, passing of model law in States, IT infrastructu

Introduction of goods & ST in 2016 - A myth or reality?

Posted by Madhukar N Hiregange 14 October 2015 11754 Views

Media reports and press statements by Government Officials seem to suggest that the Union Government is keen to introduce Goods and Service Tax in the year 2016. While they themselves have given hope of its implementation from 1.4.2016, there seems t

Tax Planning in Service Tax

Posted by Madhukar N Hiregange 17 August 2015 35923 Views

IntroductionService tax concepts have undergone drastic changes from the day of its introduction. It all started with 3 services. Now it is very hard to find a service which is not liable for service

GST- Transitional Issues in Credits

Posted by Madhukar N Hiregange 13 August 2015 21813 Views

GST - Transition challenge on Credit, Carry forward and Claim through declaration CA Madhukar N Hiregange IntroductionTax credit in any value added taxation is the second most important aspect after the levy as it goes to reduce the basic cost. It

Study tips & examination techniques

Posted by Madhukar N Hiregange 17 July 2015 40834 Views

STUDY TIPS & EXAMINATION TECHNIQUES -2015 The recent results in CA final were bit better than the last time. The reasons why students who have attended classes, worked hard and are still not successful is that the best practices known in general

Service Tax on Hotels and Restaurants - Analysis

Posted by Madhukar N Hiregange 06 July 2015 34459 Views

Introduction Under negative list based taxation, service tax is levied on all services other than those covered in negative list or a subject matter of exemption

Gearing up For GST - 2017?

Posted by Madhukar N Hiregange 06 July 2015 16446 Views

Gearing up for GST- 2017? CA Madhukar N Hiregange Backdrop:GST in India is expected to be a destination based consumption based levy. Destination principle would be applicable in normal course of bus