TDS on Bank charges to company
This query is : Resolved
07 May 2025
Hi,
if a firm pays Bank charges to a company (for which they raise bill with GST), do that firm has to deduct the TDS on it? if yes, then what will be the threshold?
if a firm pays Bank charges to a company (for which they raise bill with GST), do that firm has to deduct the TDS on it? if yes, then what will be the threshold?
08 May 2025
No TDS applicable in case of the payment is of reimbursement of bank charges.
08 May 2025
if you are paying it to a company, that is not a bank, then yes, normal TDS provisions will apply if they are raising a GST invoice. If it is a reimbursement invoice, then no TDS.
08 May 2025
the narration says " Being Dec'24 FOFO Exp-Bank charges" ...so still we consider it as reimbursement??
09 May 2025
it has nothing to do with the narration. the nature of recipient matters as well as whether the invoice is a reimbursement invoice of a commercial invoice..
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