13 March 2016
Query!!
Can cenvat be availed on expenses reimbursed to CLEARING AND FORWARDING AGENT(CHA)???
Even Some reimbursement bills are on the CHA's name.
And CHA has not charged ST on reimbursement as per amended by FINANCE ACT 2015.
Is TDS,applicable on CHA bill including reimbursement????
CHA is not deducting TDS saying that it is not his expense.
Client party argues that TDS is not on reimbursement as per s.4(2) of IT act.
Such arrangement will defeat entire TDS PROVISIONs!!!