VAT/TDS/IT

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suresh (Querist)

11 January 2011 Dear All,
We are exporters of processed fruits from Andhra Pradesh, up to now we are directly supplying to the customer ex-london (clearing part taken care by the customer) but now onwards we have to distribute our products thru CHA based in London and we have to pay the CHA charges (service charges) for the same directly in GBP thru our indian bank ( we understand from our bank that we have to open EEFC account for transfer amt in GBP), we would like to know what are all the taxes (like VAT/TDS/IT) applicable in this regard, as we have to mention the same in agreement - please help us in this regard.

CA Shailesh Kumar Bhagat

CA Shailesh Kumar Bhagat (Expert)

12 January 2011 Service is being provided at london and payment will also be relaesed through bank, I think VAT/TDS will not apply in this case.

suresh

suresh (Querist)

12 January 2011 sir, but one of the consultant says that we have to deduct the TDS @ 2% (CHA is Ltd Company)and issue the certificate, his argument is money being sent from India so we have to deduct the tds, please advise

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