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Madhukar N Hiregange

Latest Articles


COVID Relief Measures – Reduction in GST rate of specified items – Impact on Rate of Tax, ITC & MRP

Goods and Services Tax : Introduction Coronavirus (COVID-19), a virus that grew stealthily from the end of 2019 has become one of the deadliest viruses tha...

June 18, 2021 9009 Views 1 comment Print

New CGST Rule 36(4) – ITC matching – Impact & Validity

Goods and Services Tax : Rule 36(4), i.e. the ITC matching and claim based on vendor GSTR filings is one such insertion into the law which is creating more...

December 24, 2020 10518 Views 0 comment Print

IGST Refunds – Genuine Exporters-Rule of Law Missing?

Goods and Services Tax : Though GST department claims only a miniscule percentage of exporters have been selected for risky exporter verification, it appea...

November 28, 2020 14433 Views 6 comments Print

GST liability on moulds, dies supplied but not despatched

Goods and Services Tax : Government should consider providing the benefit of zero tax even for the dies and moulds manufactured for further use in manufact...

September 15, 2020 20592 Views 1 comment Print

GST – Availing Missed ITC now in GSTR 3B?

Goods and Services Tax : One of the GST objectives is to ensure the seamless flow of the credit & avoiding the cascading effect. The success of ITC is ...

July 11, 2020 67959 Views 14 comments Print


Impact of Kerala Flood Cess

July 31, 2019 31590 Views 17 comments Print

In August 2018, the State of Kerala faced a devastating flood due to high rainfall which was the worst flood in nearly a century. There was huge loss to the assets, revenue of the State. As a result, the State of Kerala proposed for levy of additional cess in GST which was approved by the GST council in its 32nd Council meeting held on 10th January 2019.

High Sea Sales- Procedure & Implications under GST & Customs

March 23, 2019 156111 Views 8 comments Print

The economy and the trade have grown to a greater extent as compared to the ancient period and people have come with many types of dealings and transactions over a period of time to either attract the customers, to reduce their costs or to make things easier for conducting their business. One such transaction is High Sea Sale.

Service Under GST – An analysis

July 25, 2018 58872 Views 2 comments Print

Article 366(12) of Constitution defines goods to include all materials, commodities and articles. Constitution (101 Amendment) Act, 2016 inserted in clause 366(26A) definition of services to mean anything other than goods.

50 Practical issues & possible solutions on E-way bills under GST

January 22, 2018 115527 Views 27 comments Print

The free movement of goods across India without any checkposts in between is one of the major objectives of GST. Nation-wide E-Way bill system under GST is set to be implemented from February 1, 2018.

Transitional Credit of stocks older than one year – whether available in GST?

December 26, 2017 7680 Views 3 comments Print

Transitional provisions in GST law provides the tax treatment for transitional transactions and issues arising thereof. One of the key transitional issues is whether input tax credit can be availed in respect of stocks lying with the business on the appointed day (i.e. 01.07.2017). This issue does not bother much to the manufacturers since they […]

All you should know while filing GSTR – 3B Return

August 17, 2017 77106 Views 13 comments Print

Filing of GSTR-3B return is the first formal communication of business transactions with the government machinery in the GST era. It holds lot of importance especially in the current scenario where many businesses are still struggling with the basics of this new law i.e. obtaining provisional id’s, issues in logins, interpretation issues in law, dealing […]

Decoding of ‘Place of Supply of Goods’ under GST

July 25, 2017 30870 Views 8 comments Print

Conceptually GST is destination/consumption based tax i.e. person consuming the service/goods shall bear the burden of such tax and that revenue shall go to the corresponding state but no provision express this concept/ philosophy. However same was inherent and more adequately embodied in the provisions of Place of supply (POS).

CENVAT credit on deposits insurance – Banks v/s Departments

March 20, 2017 10806 Views 1 comment Print

Banks are registered under service tax in the category of Banking and Financial Services. They collect and pay service tax on its various incomes such as commissions, bank charges, documentation charges, processing fees etc. levied on its customers.

Impact of GST on Procurements

March 9, 2017 12483 Views 2 comments Print

Organizations that will plan its business processes better in a manner to best suit the needs of the GST regime, then such organization will have competitive edge over others.

Conflicts in Meaning of Supply & Scope of Supply under GST

February 28, 2017 4734 Views 2 comments Print

The levy of GST is on supply of goods and/or services which is dealt with by Section 8 of the revised model GST law. Section 3 of the said law provides for meaning and scope of supply. In this article, we would be discussing on the relevance of two terms namely meaning and scope, similarities, conflicts and overriding nature of both the terms.

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