Articles by Madhukar N Hiregange

GST- Sales Promotion - Circular 92 dt.7.3.19 Analysed

Posted by Madhukar N Hiregange 15 March 2019 24846 Views

This circular was on sales promotional schemes and the availability of tax credit (ITC). It clarified the position of GST as under: A. Free Samples/ Gifts: In

Resident Welfare Association - GST

Posted by Madhukar N Hiregange 28 February 2019 17956 Views

BackgroundFormation of associations or unions is a fundamental right guaranteed by the Constitution to its citizens. Many clubs or associations are formed eith...

Summary of GST circulars issued on 18th Feb 2019

Posted by Madhukar N Hiregange 22 February 2019 12783 Views

SUMMARY OF GST CIRCULARS Details of inter-State supplies made to unregistered persons to be mentioned in GSTR -3B & GSTR -1(Circul

Analysis of Amendments in GST Act, Rules & Compensation to States Act

Posted by Madhukar N Hiregange 04 February 2019 6635 Views

Date � 02.02.2018 Index INTRODUCTION.. 2EXECUTIVE SUMMARY.. 4AMENDMENTS IN CGST

Update on GST January 2019

Posted by Madhukar N Hiregange 10 January 2019 29600 Views

Summary of recent Notifications and Circulars Based on the recommendations of the GST Council in its 31st meeting held on 22nd

Standards on Auditing - GST Audits

Posted by Madhukar N Hiregange 26 December 2018 10268 Views

The generally accepted auditing practices (GAAP) are those set out Internationally which enable comparison of financial statements post audit across the world t...

Common Errors : ITC (Documentation and Recording)

Posted by Madhukar N Hiregange 21 December 2018 13389 Views

BACKGROUNDThe primary focus of the industry at the time of introduction of GST was on implementation/modification of ERP module to suit GST requirements, appro...

Unregistered 'fixed establishment'- Impact in GST

Posted by Madhukar N Hiregange 11 December 2018 12056 Views

GST needs one to register in the State/s where one provides taxable supplies. (section 22)This is in line with the principle of registration in the place of con...

GST - Classification/ Exemption Errors - Catastrophic Costs

Posted by Madhukar N Hiregange 28 November 2018 9296 Views

There are mistakes in GST which impact business and there are mistakes which can close down the business. In this article we restrict to classification mistakes...

State GST Revenue Officers visits and subsequent Legal notices

Posted by Madhukar N Hiregange 27 November 2018 17418 Views

It has been observed that some State GST officers throughout India have started to visit the premises including to the Compliant Tax payers. Many of them are m...