TDS on supplier if he has charged freight in bill

TDS / TCS 1718 views 10 replies

IF ANY SUPPLIER, WHO SUPPLIES MATERIAL & CHARGE THE FREIGHT IN HIS BILL & FREIGHT AMOUNT CROSS 75K IN A YEAR.  WHEATHER TDS WILL DEDUCTED OR NOT ??

Replies (10)

you need to deduct TDS on this supplier including freght amt 

Yes TDS will be deducted

yes it's applicable .

Yah ! it is applicable.
 

TDS not applicable.

Freight paid for procuring the meterial to the factory ( if included in the supplier bill) to be booed under purchase.

eg. Fabric 100000/-

Freight      500

total : 1,00,500 to be booked under fabric purchase

No need to deduct TDS,

1) If the supplier has their own vehicle and they have PAN Number

2) Otherwise if they have paid freight to the transporter, attached GR etc and the transporter have PAN then there is no need to deduct TDS

3) If the transporter have no PAN then the party will be asked if they have deducted TDS @ 20% or not? if not, then we will deduct TDS @ 20% from the supplier.

Prashant Kumar Samal

Panipat

 

Yes it is Applicable and TDS will be deducted on freight Amount.

Dear !

I strongly agree with Mr.Prashant Kumar Samal,

1. freight paid will become part of cost of Material (delievery FOR at purchaser's door)

2. Rest three points to be followed strictly.

3. but also see in Contract terms & conditions that Frieght is to be re-imbursed on actual basis and LR/GR copy must be attached with Supply invoice and mentioned in invoice itself.

TDS  is not applicable on add freight amt. on supplier's purchase Bill

It is part of purchases cost.
 

TDS NOT APPLICABLE FOR FRT.

 

 

 


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