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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Mahesh Jhunjhunwala says : ServiceTax on Corporate Guarantee
Whether Service tax @ 12.36% is applicable on Corporate Guarantee Commission charged by a co. from another co. against Corporate guarantee provided to a bank.

Mahesh Jhunjhunwala says : ServiceTax on Corporate Guarantee
Whether Service tax @ 12.36% is applicable on Corporate Guarantee given to a bank by a co. on account of another co.

Kedar says : Software- Service Tax or VAT
Dear Sir, My dealer has charged me service tax as well as M-vat ( Maharashtra) as follows:- 100- Product Charges 12.36- Service Tax ------------------- 112.360 Sub Total 5.618- M-vat @ 5% on above ----------------------- 117.978 Total Bill Kindly clarify whether M-vat to be paid or service tax as Software is goods or service Kindly provide some circular, notification or case law reference for it. Regards,

Padmanabhan says :
Sir, What is the time limit for issuing credit note under service tax. Can the service tax credit can be adjusted against future service tax output.

vignesh srinivasan says :
sir thank u for clarrifying my doubts kindly also clarrify 1. can all abated servicetax be claimed as input credit 2. servicetax charged on freight charges inward can be claimed as input credit?