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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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CA Amit Rajput says : Please give your comment
****Welcome to all experts to join in discussion **** I have a case about a an Investment (private limited )company which maintaining books of account on mercantile basis. But company records income on receipt basis from April to Feb and in the month of march a consolidate receivable from April to Feb is recorded and for month of march on receivable basis. my question is that is this practice of following cash basis accounting for 11 month and in March remaining receivable on consolidate basis i.e.(receivable less received) and for only month of march on pure receivable basis is Correct ??? Means following cash basis accounting for 11 months and Accrual basis accounting in month of march is correct or it will be treated as hybrid system. Is there any clarification from ICAI or Department for following accrual basis accounting through out the year? Pls join in discussion

Kunal Mittal says : PRE PRINTED BILLBOOK
Can we just print the bills in excel and keep a copy for our records Or is it necessary to have a preprinted bill book or use a billing software like tally.

Ravindra Bhatkar says : Cenvat Charges Rate
Dear Sir, We want some information about cenvat. we are first stage traders issue invoice to our party with excise amt which is actual which we received, but as per Invoice Cenvat is shown is more than 12.36% from Basic Rate because of discount given by us on basic rate. Please give us clarification that , can we give cenvat more than 12.36% or actual which we are recived.

dheeraj says :
Dear sir We have supplied certain material (aluminium caps) to a party these have been rejected and scrapped (defaced such that they are no longer caps)can we take these back in our factory while reversing the duty paid at the time of clearance of caps

dheeraj says :
Dear sir We have supplied certain material (aluminium caps) to a party these have been rejected and scrapped (defaced such that they are no longer caps)can we take these back in our factory while reversing the duty paid at the time of clearance of caps