Tds on reimbursement of gta
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 November 2015
Dear Experts,
The supplier has paid 36000 freight as well as 30% ST on the behalf of buyer however the consignment note is in the name of buyer and the buyer will reimburse these freight and ST amount to supplier, plz clarify as per this above stated query who is liable to deduct TDS as transporter not covered section 44AE,
Thanx & Regard
Amit jaiswal
The supplier has paid 36000 freight as well as 30% ST on the behalf of buyer however the consignment note is in the name of buyer and the buyer will reimburse these freight and ST amount to supplier, plz clarify as per this above stated query who is liable to deduct TDS as transporter not covered section 44AE,
Thanx & Regard
Amit jaiswal
25 November 2015
The supplier who paid the freight bill to transporter is liable to deduct TDS.
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