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Articles by Madhukar N Hiregange

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Post Budget 2014 - Central Excise

  Madhukar N Hiregange    12 July 2014 at 11:11

There could be various situations which we have examined separately as follows: A. Goods Earlier exempted now exemption withdrawn./ Not liable or nil rated in Central Excise tariff - Goods removed prior to 10.7.2012 not liable: This would be even if



Relevance of IDT to Marketing function

  Madhukar N Hiregange    03 June 2014 at 11:36

What The Marketing Executive/ Manager needs to know about Indirect Taxes?The successful marketing man knows the customers needs well, understands his business, the cost of products / services sought to be sold, looks at serving the customer better. I



Relevance of IDT to Purchase function

  Madhukar N Hiregange    03 June 2014 at 11:36

What The Material/ Procurement Executive/ Manager needs to know about Indirect Taxes? The successful material/ purchase officers knows the production needs well in terms of quality, timeliness and quantity. He also understands the cost of products /



Measures to Augment Revenue as well as Reforms in Indirect Taxes

  Madhukar N Hiregange    28 May 2014 at 11:50

I. MEASURES TO AUGMENT REVENUE A. General Measures 1. Information in respect of assessees be shared between the Central Government and the State Governments on a reciprocal basis. This will facilitate reconciliation of returns and indicate areas / se



Value Add Through IDT- Purchase Department

  Madhukar N Hiregange    27 May 2014 at 13:15

At time we the accounting and finance professionals loose sight that the marketing/ procurement personnel of the company could if they are aware add huge value to the company. The concept of cenvat/ set off exists in central excise, VAT as well as Se



Study Tips and Examination Techniques

  Madhukar N Hiregange    28 April 2014 at 12:02

The taxation paper is one of the best scoring paper in the IPCC exam. This can help to make good the shortage of marks in other papers or to get exemption which can assist in the next attempt. Recently more importance has been given to taxation paper



Joint Charge-Compliance and Credits Under Negative List Based Taxation

  Madhukar N Hiregange    22 April 2014 at 12:06

Introduction:The service tax law based on negative based taxation has been effective fr



Recent Changes in Service Tax

  Madhukar N Hiregange    22 April 2014 at 12:04

Introduction Service tax is a levy on provision/rendition of service in India. Chapter V of Finance Act, 1994, introduced Service tax in India and it came to force from July 1994. Finance Act, 1994 is the only parent



Avoiding Dispute Alternative

  Madhukar N Hiregange    22 April 2014 at 12:02

Avoiding Dispute Alternative Best Practices?-By Madhukar N HiregangeOne of the major challenges for the assessee is avoiding of the disputes with the department. To avoid/ reduce such disputes with the department, one must understand



Tips to Avoid Corruption: Indirect Taxes

  Madhukar N Hiregange    14 February 2014 at 11:13

The last decade has seen the move towards usage of technology by the tax authorities and the traditional examination of statutory records has been gradually fading away. However the corruption in the local VAT / Excise offices across India as well as