Articles by Madhukar N Hiregange

Audit By Dept. Officers- CAG- Are they legal?

Madhukar N Hiregange 13 February 2014 at 12:23

The Central Excise as well as Service Tax have been amended post liberalization to follow the self assessment scheme. It means that the return is accepted as correct. However as a check against filing incomplete, incorrect, faulty returns there are p

Service Tax Implications of Plotted Development

Madhukar N Hiregange 13 February 2014 at 12:23

In this article we would examine what would be the effect of some services activity conducted in the course of a sale of immovable property in general and development of plots in particular. Consequently the impact of service tax. We also examine th

Transformation of Tax System

Madhukar N Hiregange 20 January 2014 at 12:48

Transformation of Tax Systems in India- We can definitely make a difference The recent elections results in Delhi indicate the disenchantment with the present regime. The promise of ending corruption has encouraged the youth mainly as

Eligibility of Input Service Credit - Sales Commission

Madhukar N Hiregange 09 January 2014 at 14:03

The cenvat credit scheme is a beneficent legislation and allows for credits used for manufacture or service. Sales commission is paid for the following reasons: market creation/development, advertisement, sales promotion activities, identifying poten

Service Tax on Builders and Developers - Issues

Madhukar N Hiregange 18 November 2013 at 15:17

In this article we have examined the provisions relating to real estate with focus on what is more relevan

"Service" & "Consideration" - Random Thoughts

Madhukar N Hiregange 13 November 2013 at 12:41

Understanding of "Economic Activity" and "Consideration" in Service Tax- Random ThoughtsThe concept of negative list regime is that there should be an economic activity [as differentiated from personal activity] whether carried out free of charge or

Impact of Customs on Indirect Taxes

Madhukar N Hiregange 20 September 2013 at 12:23

Impact of Customs on Other Indirect Taxation The Customs Act has been put in place to ensure that the import and export of goods into and from India is regulated. Certain products cannot be imported or exported, while certain others require a licens

Technology Contracts - VAT Vs Service Tax

Madhukar N Hiregange 21 August 2013 at 14:09

Technology Contracts- Liability under VAT or Service Tax? This category covers information technology, IT enabled service and telecommunication industry. Today businesses are done in various complex manner through different jurisdictions in differen

Tax Planning Tool to reduce cost - Indirect Taxation

Madhukar N Hiregange 19 August 2013 at 12:38

Tax planning needs to be differentiated from tax evasion wherein one suppresses recording his sales/ services or undervalues the same deliberately. T

Understanding Place of Provision of Services

Madhukar N Hiregange 12 August 2013 at 11:15

Place of Provision of Services Rules 1. Introduction Under earlier method of taxation(positive list based) the services which was provided in India was taxable. Section 66A was introduced to tax services which