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Tds on high seas purchase

TDS / TCS 1197 views 1 replies

Hello,

 

We are importing the goods through High seas purchase  however we paying the customs duty as well. The payment towards the purchase goes to the Indian company. In such case, Do we need to deduct TDS ? Please try to explain it with reference to the sectin 195 which says that TDS has to be deducted from payment to Foreing vendors if they have business connection in India. Does this apply to my transaction even though we pay to the Indian company ? because we pay  the customd duty on the arrival of high seas purchase goods in India.

Please explain me

 

 

 

Replies (1)

Dear,

Purchase payment is not subject to TDS. so u r nt required to deduct TDS on purchase payment.

Thx.


CCI Pro

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