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TDS on Clearing and Forwarding exp

sanjeev (Manager- Accounts/Tax/Finance) (229 Points)

08 October 2007

please tell me at which amount TDS amount will be deductible in case of clearing and forwarding Charges which inclue the elements like service tax, custom duty, Commission of cargo agent etc.

Sanjeev(CA)

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7 Replies

Ramasubbu K (Sr.GM - Finance & Company Secreta) (685 Points)
Replied 08 October 2007

It is the amount which is net of service tax and customs duty

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(Guest)

Tds to be deducted on C&F Commission amount,(excluding service tax , any other taxes &expenditures),at the rate of 2.266%

Alok Kumar (Practicing C.A.) (56 Points)
Replied 08 October 2007

If bill includes reimbursable exp then TDS provision are applicable on gross bill amt. If CHA/ Clearing agent had paid the Custom duty and other expences on behalf of client then , the best way is to raise the debit note separately for all the reimbursable exp.

Ravikumar.G (Consultant) (18525 Points)
Replied 08 October 2007

What Mr.Alok Kumar said is exactly correct. TDS should be deducted with service tax amount also the respective circular which has been uploaded in our files portal. Please go through the same.