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Is TDS applicable to ocean freight charges
whether TDS is required to deduct on the payment of ocean freight charges made to indian companies?
Replies (2)
I think TDS is not applicable
Generally on the freight component there is no requirement to deduct.
However, other components of the total expense might need a deduction, depending on export / import, foreign / domestic shipping line, if clearance and handling is included etc. Usually Indian shipping agents will provide two invoices. One each for the taxable and non-taxable components.
Do not reverse charge GST might be applicable as well.
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