C & F Agent (TDS ?)

This query is : Resolved

Guest

Guest (Querist)

23 October 2008 Dear Experts

As per section 194C, any payments made to C & F Agent is subject to TDS.

However payments to the C&F Agent include following;
1. Reimbursement in respect of various custom formalities etc. inclg freight (Say Rs. 10,00,000/-)
2. his C&F charges (Say. Rs. 75000/-)
3. Total is Rs. 10,75,000

Case 1 - Now suppose he has raised single invoice for both 1 & 2 above, then on which amount TDS is required to be made?

Case 2 - Whether it will make any difference if C&F agent raises debit note for above 1 & his invoice for above 2.?

As per my opinion

Case 1- TDS is required to be made on whole i.e. on Rs. 10,75,000/-
Case 2 – TDs is required to be made only on Rs. 75000/-

Please give your expert opinion…

CA Rohit

Ram Avtar Singh

Ram Avtar Singh (Expert)
Follow

23 October 2008 No TDs on reimbursment
only TDS shold be sharged on Commission & service tax.

Please Demond Sepret Invoice for Commission & seperet Invoice for Reimbursment.

SANJAY VERMA

SANJAY VERMA (Expert)
Follow

23 October 2008 agree with ram

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok