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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Hiten says : Is service tax applicable for libraries
Hi, Do books and dvd rental liabraries come under service tax and is the service tax applicable to them. Local libraries and even big players like bogflix and seventymm are not charging service tax seperately. Kindly advice.

Dayal says : Query
If a company wants to registered its depot under central excise, but due to space constraint cannot store the goods in the depot but are kept with the transporter, can cenvat be availed?

Amol Arun Kale says : ST
Is the units registered under STPI availaing exemption of service tax is liable to get registered if the service provide include service to domestic person during the year.

Umesh Pandey says : Excise Duty-Dealer
sir, CVD paid by importer/1st dealer pass on to 2nd trader/manufacturer who can take cenvat credit.what accounting entries in the books.pls explain.whether it is a balancesheet/P & L/MIS item.

Gajjala Satheesh says : Service Tax
Sir, I am working in a IT company. Accounting Code for Ser.Tax. 00440245 Written as Rs. 40123 00440298 Written as 405 00440299 Written as 439 Total 40967 If 00440245 is 40123 00440298 is 802(i.e. 2%) 00440299 is 401(i.e. 1%) Total 41326 I am unable to understand this challan and tell me which I have given is it correct. Service Tax is 10% cess is 2% cess is 1% But my previous Accountnat paid like this. I am the only Accountant, Kindly give advise. We are paying on the received amounts only. The receipts are from April 1st to till now. But Invoices are raised in 6 months back. Give me the clarification Plz Sir. Urgent.