Description
Bloomsbury India A Practical Guide To Gst On Textile Industry February 2020 by Madhukar N Hiregange and Roopa Nayak and Shubham Khaitan
About the book:
The purpose of this book is to enable the taxable person to understand the applicability and impact of GST provisions with respect to the Textile Industry. The comprehensive and in-depth practical knowledge of the three authors would help in the implementation of the provisions in an easy manner.
This book is divided into eight parts as follows:
Part 1 - Introduction and Overview
Part 2 - GST impact analysis on relevant sectors: Manufacturers and Traders, Service Providers, Job workers and other supplies.
Part 3 - Conceptual law containing classification, ITC, valuation, place of supply, reverse charge and transitional provisions.
Part 4 - Procedural law containing registration, payment, returns, refunds, assessment, audit, advance ruling, appeals, penalties, demands etc.
Part 5 – Import and export containing SEZ supplies and FTP incentives.
Part 6 – Disputes mitigation and department actions, [focussing on prevention of possible disputes & their resolution].
Part 7 - Tax planning and professional services.
Part 8 – Miscellaneous containing FAQs and filled forms.
Key features
• Detailed and practical analysis of the GST provisions with case laws and checklists pertaining to the textile industry.
• Covering possible dispute areas along with their resolutions.
• Detailed analysis of the tax planning aspect.
• Covering FAQs for removal of doubts.
• Blank as well as filled forms for better understanding and ease of compliance.
• Detailed discussion on the role of professionals on how they can help in various GST matters.
• Incorporating amendments of the Finance Bill, 2020.
About the authors
CA Madhukar N Hiregange, [B.Com., FCA, DISA, Passed CISA], Chartered Accountant is a senior partner at Hiregange & Associates. He has jointly authored 22 books on Central Excise, Service Tax, Karnataka VAT and Excise/Service Tax audit. IDT - IPCC Study Material, Central Sales Tax. GST - A Primer-2 Editions, GST Classification & Exemption 2017, Compendium of Issues and Solutions in GST – March 2018/ May 2019 and GST Tariff – October 2018, GST Audits – 3 editions and GST on Real Estate- November 2019. Working on GST Procedures and Legal Precedents slated for 2020, latter half.
He has been active in spreading awareness about Indirect taxes through seminars, articles, linked in, facebook, youtube, & hiregangeacademy.com.
He had been a Central Council Member of the ICAI for the term 2010-13 & 2106-19 with a vision to enhance the credibility of the profession, strengthen the professional in practice and employment. He has been the Chairman of the Indirect Tax Committee for the year 2012 and term 2016-19 with the privilege of leading a wonderful and a contributing team for 4 years.
He is actively involved in efforts to make the Indirect Tax laws in India simple, certain and fair and creating an awareness of the potential of knowledge of Indirect Taxes in India.
He is a Managing Trustee of the Empower Education Foundation and is interested in the education of lesser privileged. He firmly believes in “Value-Based Practice and Life”.
Roopa Nayak [B.Com., FCA]
She is a Partner in Hiregange & Associates, a firm having offices in Bangalore, Hyderabad, Vishakhapatnam, Mumbai, Pune, Chennai, Gurugram& Guwahati. Currently in charge of the consultancy &retainership divisions therein. She has co-authored several books like Practical Guide to GST on real estate, Central Excise Made Simple, Handbook on Central Sales tax, Students Handbook onIndirect taxes, ICAI Background Material [BGM] of Certificate Course on Indirect Taxes of ICAI and also the author of the 2/3 days ST enabler course conducted by ICAI.
She is an active speaker in over 150 seminars including State Chartered Accountants Assn, ICAI branches chapters, currently working on GST procedures book expected to be out by March of 2020.
She has been advising numerous clients from varied sectors in GST with focus on optimisation of taxes, cost savings, GST impact analysis, GST review services and resolving issues under GST law and procedural aspects.
She has been actively involved in sharing knowledge through seminars and articles and regularly contributes to Peenya Industries Association, Karnataka State Chartered Accountants Assn (KSCAA), Pune ICAI monthly newsletter and Ernakulam monthly newsletters of ICAI, Articles on CA Club, Linked In for past several years.
Shubham Khaitan,B.COM, FCA, FCS, LLB, CFA(US), DISA
Shubham Khaitan
B.COM, FCA, FCS, LLB, CFA(US), DISA
He is currently a partner of the Tax & Regulatory Division of S. Khaitan& Associates. He is a member of the GST & Indirect Taxes Committee of the Institute of Chartered Accountants of India for both 2019-20 and 2018-19. Further, he is also a Member of the West Bengal State Council, Economic Affairs and Taxation Committee and committees of Confederation of Indian Industry for 2019-20, the National Council on Indirect Taxes for Assocham for the years 2018, 2019 and 2020. He has regularly represented these associations and chambers before various Government authorities including the GST Council, Central Board of Indirect Taxes and Customs, State Government authorities etc.
Shubham has regularly been conducting training sessions and seminars for well-known corporates, trade associations, universities, professional bodies, study circles etc. throughout the country. Further, he regularly writes articles on various professional and industrial forums on GST and other Indirect Tax Laws. Shubham has been handling opinions and advisory services, drafting and representation before various departmental and appellate authorities during litigation, planning and structuring business transactions to optimize the impact of GST, conducting cost-benefit analysis from IDT perspective while taking any business decisions, diagnostic review of the business operations etc.