pawan kumar (student) (93 Points)
05 June 2008Please give me expert openion on applicable TDS % (2% or 1%) under the following situation.
Company A has given a contract (with material) to a construction Co. X for construction of A's Building. Co. X is buying the required construction material and paying it's freight to the transport agencies. Now Co. X will deduct TDS @ 1% against freight payment (like it does for it's subcontractors) or @ 2% (as under normal circumstances a buyer deducts for transportation of its goods) ?
regards
NIRMIT GUPTA
(CA)
(29 Points)
Replied 06 June 2008
In this case the the transporter cannot be classified as subcontractor and tax will be deducted at 2%
vinod kumar jangra
(job)
(22 Points)
Replied 07 June 2008
Dear Sir,
I want to know is TDS deducted after or before deduction of service tax on freight
narinder
(C.A.)
(38 Points)
Replied 17 July 2008
I HAVE TWO QUARIES
PL SGUIDE
1) ABOUT TRASPORTERS
AS PER NOTIFICATION DT 26.06.08 THE OWNER OF THE TRUCK WHO PROVIDES TRUCKS TO GTA DOEST NOT HAVE TO CHARGE SERVICE TAX ? TRUE OR NOT
IF PROVIDES SERVICE TO ANY OTHER PERSON OTHER THAN ANY SPECIFIED PERSON I.E. LTD. CO. PVT. LTD. FIRM. THEN SHOULD HE CHARGE 3.09% IS HE CORRECT?
ABOUT GTA SHOULD THEY CHARGES SERVICE TAX ON THIS HIRED TRUCK FOR PROVIDING TO PERSON OTHER THEN SPECIFIED PERSON?
PL CLARIFY
2) ABOUT CARGO HANDLER
WHO IS HIRING TRUCK FOR HIS CUSTOMER AND CHARGING HIS CUSTOMER FOR THIS FREIGHT , SHOULD HE CHARGE SERVICE 12.36% OR NOTHING OR ONLY ON SERVICES PROVIDED FOR LOADING UNLOADING PACKING UNPACKING ETC.?
SUPPOSE HE TAKING THE SERVICES OF A COURIER CO AND THEY ARE CHARGING CARGO HANDLER 12.36% AS FREIGHT , SHOULD HE CHARGE SERVICE TAX ON THIS FREIGHT OR SIMPLY PASS ON THIS FREIGHT IN HIS INVOICE WITHOUT CHARGING ANY THING?
IN CASE HE USES THE SERVICE AIR FREIGHT AND AIR FREIGHT CO AND CO DOES NOT CHARGE CARGO HANDLER FOR THIS AIR FREIGHT , SHOULD THIS CARGO HANDLER CHARGE 12.36 OR CHARGE NOTHING ?
PL GUIDE
NARINDER KUMAR HANDA
CAclubindia
