Tds on payments to c & f agent

This query is : Resolved

CA Varsha Haryan (Querist)
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11 August 2013 When C & F Agent raised bill, His bill was inclusive of Reimbursement charges like Transportation documentation & warehousing charges etc and agency charges then on what amount TDS to be deducted?
whether full bill amount or only on Agnecy charges?

Please Clarify.

CA. Sameer Kashikar

CA. Sameer Kashikar (Expert)
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11 August 2013 Only on agency charges
Provided reimbursement amount is separately shown in the bill and supporting documents proving actual reimbursement are present

Ganeshbabu K

Ganeshbabu K (Expert)
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11 August 2013 tds caluculated under 194C on agency charges provided a seperate invoice provided for re-imbursement charges and bills for re-imbursement charges provided clearly

and clearing agent should charge service tax only on agency charges

then you can deduct tds only on agency charges

CA Varsha Haryan

CA Varsha Haryan (Querist)
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11 August 2013 sir if Bill is inclusive of reimbursement exps then?

CA Varsha Haryan

CA Varsha Haryan (Querist)
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11 August 2013 sir if Bill is inclusive of reimbursement expenses then on what amount TDS is to be deducted?

Ganeshbabu K

Ganeshbabu K (Expert)
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11 August 2013 If he can submit original bills for all re-imbursement expences we can deduct TDS only on TDS can be made only on re-imbursement expences..

in absence of which tds194C applicable

Please note In general clearing agents will acts as pure agent he will submit bills for all expences incurred by him on behalf of us and we can also take service tax creadit which is available in such original bills..

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