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TDS on Clearing and Forwarding exp

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Manager- Accounts/Tax/Finance
229 Points Posted on 08 October 2007

please tell me at which amount TDS amount will be deductible in case of clearing and forwarding Charges which inclue the elements like service tax, custom duty, Commission of cargo agent etc.

Sanjeev(CA)

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On 08 October 2007 at 15:22 Report
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Sr.GM - Finance & Company Secreta
685 Points Posted on 08 October 2007
It is the amount which is net of service tax and customs duty
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On 08 October 2007 at 17:17
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Guest
460755 Points Posted on 08 October 2007
Tds to be deducted on C&F Commission amount,(excluding service tax , any other taxes &expenditures),at the rate of 2.266%
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On 08 October 2007 at 18:54
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Practicing C.A.
56 Points Posted on 08 October 2007
If bill includes reimbursable exp then TDS provision are applicable on gross bill amt. If CHA/ Clearing agent had paid the Custom duty and other expences on behalf of client then , the best way is to raise the debit note separately for all the reimbursable exp.
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On 08 October 2007 at 19:30
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Consultant
18525 Points Posted on 08 October 2007
What Mr.Alok Kumar said is exactly correct. TDS should be deducted with service tax amount also the respective circular which has been uploaded in our files portal. Please go through the same.
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On 08 October 2007 at 22:39
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Guest
460755 Points Posted on 26 December 2007
1111111111111111111
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On 26 December 2007 at 14:39
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Guest
460755 Points Posted on 21 November 2008

fbt how much percentage chargeble agt which expenses.

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On 21 November 2008 at 17:35
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Chartered Accountant
313 Points Posted on 21 November 2008

alok is correct.. there should be seperate bills for actuals and other services..

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On 21 November 2008 at 22:59


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