Articles by Madhukar N Hiregange

Role of AAR- Making GST Law Uncertain?

Posted by Madhukar N Hiregange 28 February 2019 7706 Views

The GST law is no doubt a new and developing law. It is also a fact that it was a unique experiment merging VAT, Central Excise and Service tax in part and al...

Understanding "Aggregate Turnover" in GST

Posted by Madhukar N Hiregange 17 January 2019 5537 Views

GST is a new evolving law applicable to all types of business � trade manufacture or service. It could also apply to those who are

Understanding Input Tax Credit

Posted by Madhukar N Hiregange 17 January 2019 4707 Views

BackgroundThe Government as a part of a 40 years old unfinished agenda of implementing value added tax in India merged 11 indirect taxes of the Centre and State...

Understanding 'Aggregate Turnover' in GST

Posted by Madhukar N Hiregange 12 July 2018 23426 Views

GST is a new evolving law applicable to all types of business - trade manufacture or service. It could also apply to those who ar

1 Year of GST - Is it time for 2nd wave of reforms?

Posted by Madhukar N Hiregange 27 December 2018 6979 Views

Dear FM,Sub: GST Implementation � Is it time for next wave of GST reforms?The positives GST being enacted as a consensus effort of Sates and Centre is an

GST Revenue Officers - Visit to Compliant Tax payers premises

Posted by Madhukar N Hiregange 19 December 2018 21450 Views

It has been observed that the visits of revenue officers has started. The jurisdictional officer u/s 6(1) is ONLY supposed to come. We find both of them visit w...

Issues & solutions: Valuation, Classification, Exemption under GST

Posted by Madhukar N Hiregange 18 December 2018 7774 Views

Valuation: Deposit vs advances:Issue: Levy of GST on the deposits and advances liable? When amount is collected as deposit, then it is not taxable to GST

Draft Reply - Notice for difference in GST Input Credit

Posted by Madhukar N Hiregange 04 December 2018 81825 Views

The spate of notices on difference between GSTR 3B and 2B some of them allowing only 3 days time to reply mainly by the State GST officers in some States of

Connection Between VAT, Central Excise, Service Tax & GST

Posted by Madhukar N Hiregange 27 November 2018 8752 Views

The GST law is a mixture of the old indirect tax laws to a great extent. There are many provisions which are not as per the old provisions of VAT, Central Ex...

Some thorny issues in Tax credits in GST - Need for Govt to reform

Posted by Madhukar N Hiregange 06 November 2018 12366 Views

The credit provisions under GST is an amalgam of the Cenvat Credit provisions with some aspects of ITC borrowed from VAT. The cross credit between State and...