11 August 2013
When C & F Agent raised bill, His bill was inclusive of Reimbursement charges like Transportation documentation & warehousing charges etc and agency charges then on what amount TDS to be deducted? whether full bill amount or only on Agnecy charges?
11 August 2013
Only on agency charges Provided reimbursement amount is separately shown in the bill and supporting documents proving actual reimbursement are present
11 August 2013
tds caluculated under 194C on agency charges provided a seperate invoice provided for re-imbursement charges and bills for re-imbursement charges provided clearly
and clearing agent should charge service tax only on agency charges
11 August 2013
If he can submit original bills for all re-imbursement expences we can deduct TDS only on TDS can be made only on re-imbursement expences..
in absence of which tds194C applicable
Please note In general clearing agents will acts as pure agent he will submit bills for all expences incurred by him on behalf of us and we can also take service tax creadit which is available in such original bills..
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