Witryna12 kwi 2015 · TDS on Air Freight (included in supplier's bill) in case of imports. Contents. We are paying to our foreign supplier in advance through proforma invoice … WitrynaThe CGST Act requires the importers to pay IGST at 5% on ocean freight under the Reverse Charge Mechanism (RCM). Section 5 (3) of the IGST Act: This section notifies the supplies which are taxable to GST under the reverse charge mechanism. Under the reverse charge mechanism, a recipient of goods/service is liable to pay GST instead …
No TDS U/s 194C on freight to C&F charges . RJA - Rajput Jain …
Witryna10 gru 2009 · Follow. 11 December 2009 There is no TDS on imports of goods provided you are purchasing on principal to principal basis and have contracted with the party abroad. However, if party has a branch in India or a dependent agent with whom you made the contract then you have to deduct TDS. In case of a fictional creation of … Witryna28 lut 2024 · 10. The assessee during the year has incurred terminal handling charges amounting to Rs.1,29,22,949/- without deducting the TDS. As per the assessee the amount of terminal handling charges incurred is part of ocean freight paid to the agents of non-resident shipping business. fashions this summer
Tds on air freight to non-resident supplier - Income Tax TDS
WitrynaArun Kumar Regarding your query the non deduction of TDS on sea freight paid it is submitted that as the freight paid to shipping agent of non-resident shipping companies, so TDS provision is not applicable. The Movers International is a shipping agent of swift connection which is a non-resident shipping company. Witryna19 sie 2016 · If anyone has any kind of Doubt Regarding TDS on Agency Service Charges (Charges of CHA Agents like Prime Forwarders, Unique Speditorer Pvt. Ltd. … Witryna9 lip 2024 · Freight insurance – relating to import and export of goods: 23: ... The agency in Dubai sent to us an Invoice for AED 20,00 for the booth charges. ... In Designer Charges payments against Outward remittance TDS is applicable. If yes at what rate. RCM applicable for this transaction. Please advise. fashion steps out singapore