Gta on reimursment of bill

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

13 December 2013 we have taken service of CFA (seawave forwarding) for export goods he submit bill including transport bill (apeksa Logistics)
we have paid GTA and issue 26q tds nil rate in name of seawave it is right or not.

Ganeshbabu K

Ganeshbabu K (Expert)
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13 December 2013 as your CFA acts as your pure agent here you are treated as service receiver hence you required to discharge GTA liability(provided you have availed GTA service)
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NIL TDS ONLY ON PAYMENT TO TRANSPORTERS WHO ENGAGED IN THE BUSINESS OF TRANSPORTING GOODS(SEC.194C(6) EXPLANATION) BUT YOU ARE MAKING PAYMENT TO CLEARING AGENT IT IS DIFFERENT
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.SO IN THIS REGARD YOU CANNOT USE NIL DEDUCTION WITH TAG "T".
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IF YOU HAVE ANY CONTRACT WITH YOUR CFA FOR TRANSPORTATION TDS APPLICABLE ON TOTAL TRANSACTION
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IF IT IS REIMBURSEMENT CLAIM TO YOUR CFA AND HE IS SUBMITTING ALL BILLS OF TRANSPORTERS WHICH IS PAID BY HIM WHICH WILL MATCH WITH HIS RE-IMBURSMENT CLAIM NO TDS REQUIRED..

Querist : Anonymous

Querist : Anonymous (Querist)

13 December 2013 WE MAKE PAYMENT TO CFA AGENT NOT TRANSPORTER WITCH BILL MATCH WITH HIS REIMBURSEMENT CLAIM.
WHAT IS IT RIGHT TO FILING 26Q RETURN FORM NIL RATE IN NAME OF CFA AGENTS..

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Ganeshbabu K

Ganeshbabu K (Expert)
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13 December 2013 CANNOT GIVE 194C(6) BENIFIT TO C&F AGENT IN MY OPINION..AND CANNOT SHOW IN TDS RETURN AS NIL RETURN
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.HOWEVER AS A REIMBURSEMENT NO TDS REQUIRED
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LETS SEE OTHERS OPINON

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