Freight payment against import
This query is : Resolved
Asish Kumar Nath
(Querist)
18 August 2011
Suppose we paid US dollar 1000.00 to our foreign supplier against proforma invoice in advance. At the time of shipment they raised commercial invoice for us$ 1150.00 including air freight and the same amount shows in our Bill of Entry also.
Now we have to pay the difference us$150.00 on account of freight. Is it applicable for deduction of TDS? If, so what will be the percentage of TDS?
Please help me.
Now we have to pay the difference us$150.00 on account of freight. Is it applicable for deduction of TDS? If, so what will be the percentage of TDS?
Please help me.
CA. Saurabh Agrawal
(Expert)
19 August 2011
According to me , Sec 195 is only applicable for offshore services. This contract is seems to be offshore supplies on which there is no liablity to deduct TDS.
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