Is TDS applicable to ocean freight charges
nisha hussain (20 Points)
26 November 2021
whether TDS is required to deduct on the payment of ocean freight charges made to indian companies?
2 Replies
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 26 November 2021
I think TDS is not applicable
JJJ
(Need help)
(675 Points)
Replied 27 November 2021
Generally on the freight component there is no requirement to deduct.
However, other components of the total expense might need a deduction, depending on export / import, foreign / domestic shipping line, if clearance and handling is included etc. Usually Indian shipping agents will provide two invoices. One each for the taxable and non-taxable components.
Do not reverse charge GST might be applicable as well.
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