Madhukar N Hiregange's Expert Profile

Queries Replied : 1905

About me

Madhukar N Hiregange B.Com., FCA, DISA (ICAI). Passed CISA.

Senior Partner Hiregange & Associates having offices in Bangalore, Hyderabad, Vishakhapatnam, NCR/ Gurgaon, Mumbai & Chennai. Associated with few CAs across India as mentor. Faculty at Hiregange Academy a knowledge & employability initiative engaged in training industry officers, professionals, job seekers and students in IDT.

Jointly Authored 16 books on Central Excise, Service Tax, Karnataka VAT and Excise / Service Tax audit, IDT - IPCC Study Material- November 2015 Examination, Handbook on CST and GST- A Primer released in September August 2015.

Hiregange has been active in the field of spreading awareness through seminars & articles. Had been a visiting faculty at various Professional and Management Institutes including the IIM Bangalore. Active in online replies on several professional sites. Chief Resoruce person for Hiregange Academy , a knoweldge and employability initative.

Was a Central Council Member of the Institute of Chartered Accountants of India for the term 2010-13 & presently for the priod 2016-19 with a vision to enhance the credibility of the profession, strengthen the professional in practice and employment, make the course less painful while increasing the quality of the student coming out.

Managing Trustee – Empower Education Foundation. Sponsoring education of 120 + lesser privileged students in Bangalore. Believes in “Value Based Practice and Life”.

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Ankur Shah says : Query
The nature of our business is that of an Agent who provides Services to Indian Sellers (mostly manufacturers). Our Services include promoting the Indian manufacturers' goods to prospective customers worldwide & generating business for them. For any business that has been generated by us for the manufacturer, we receive commission, as agreed between us & the manufacturers, in Indian Rupees. We raise our Invoice with commission agreed + service tax + cess Hence, our service comes under Business Auxilliary Service of the Service Tax Act. With new manufacturers, certain times we face a problem of explaining them to check with CENVAT rules about credit of Excise Duty against Service Tax paid in the commission paid to us. If somebody could inform us the rule no. / notification of CENVAT / Service Tax under which this credit can be availed by our manufacturers, it will be of great help.

Ashish Agarwal says : Galvanization of M S Angel
Job work done for Galvanization of M S Angel. Whether it is manufacture as defined under sec 2(f)(iii) or it is just job work.

shyam says : input cenvat credit
Dear sir, I have a querry relating to input cenvat credit wheather we can avail credit under revenue item OR Capital item. please reply to my question which is asked in my questionearis colum. It is very urgent. Regards Singhk

shyam says : input cenvat credit
Dear sir, I have a querry relating to input cenvat credit wheather we can avail credit under revenue item OR Capital item. please reply to my question which is asked in my questionearis colum. It is very urgent. Regards Singhk

Achuthan says :
dear sir, We have new opend company in october with excise registration. We had purchased some machinaries perior to that period. now can we avail excise duty on that machinaries.