Articles by CA Akshay Hiregange

Outward Supply additional disclosures in Form GSTR-3B

CA Akshay Hiregange 14 July 2022 at 15:02

In order to accommodate new changes in the law and new disclosure requirements, the present GSTR-3B may see some changes soon, as specifically mentioned in the press release of the 47th council meeting. A revised GSTR-3B form may be put up in the public forum for comments and suggestions.

GST Notices & Possible Solutions

CA Akshay Hiregange 10 June 2022 at 12:24

In this article we would be discussing how to manage the recent barrage of notices, and the possible actions and activities one may take up to resolve the problem being faced across the GST taxpayer community.

E-invoice & E-way Bill in Retail Trade

CA Akshay Hiregange 20 January 2022 at 13:08

In this article we would be focusing our attention on various e-invoicing (E-INV) and e-way bill (EWB) compliances and practical issues faced by the Industry.

GST: ECO liability on food & beverages

CA Akshay Hiregange 20 December 2021 at 12:48

In the article, we look at the present state of affairs and provide the way forward for the trade/ restaurants/ hotel/ online supplies and possible suggestions to obtain clarity.

Financial Statements under Indirect Taxes

CA Akshay Hiregange 09 November 2021 at 15:42

Interpreting and analyzing Financial Statements by keeping in mind GST, Customs, FTP rules and regulations, helps to focus on critical areas, reduces costs and results in client satisfaction.

Rule 36(4) - Impact & Validity

CA Akshay Hiregange 24 December 2020 at 13:14

In this article, we have analyzed the impact and practical suggestions of Rule 36(4). We have also touched upon the validity of Rule 36(4) in the GST law.

Analysis of ITC utilization in DRC-03 for GSTR 9 & 9C

CA Akshay Hiregange 22 December 2020 at 09:50

Taxpayers have an option to pay additional liability not declared in GSTR-1 or GSTR-3B, in GSTR-9 through Form DRC-03 based on para 4 of GSTR-9 instructions for FY 2017-20.

GST on supply of used vehicles

CA Akshay Hiregange 08 April 2020 at 10:47

A registered person dealing in second-hand sale of a motor vehicle (which is falling under chapter 87) was eligible to claim the abatement of 35% of the value of taxable supplies and pay GST on only 65% of the value of supply of such motor vehicle on fulfilling prescribed conditions.

RCM on import of services including intellectual property

CA Akshay Hiregange 07 April 2020 at 10:36

This article would help persons who have large number of foreign clients, persons who attend foreign business events held outside India, or have holding company outside India including procurement of services from outside India.

ITC claim restricted to 120% of GSTR 2A : Detailed analysis

CA Akshay Hiregange 19 November 2019 at 10:36

The government has taken a pre-emptive action to curb incorrect Input Tax Credit (ITC) claims after various frauds were unearthed in the past year on claimed ITC on fake invoices, or through physically non-existent businesses.