TDS is one of Hong Kong's leading freight forwarders. (charge to apply in case a container needs to be rolled to another vessel/sailing) VGM Wrong Declaration Fee EUR 75.00 / per container (charge to apply if a terminal detects a weight discrepancy/wrong declared VGM) In case the shipper doesn't provide the correct VGM (or … Another issue , if TDS is to made , under which section -sec. TDS on rent was also deducted u/s 194I of the Act. Ankit Sharma. Welcome to TDS Logistics ! Whether the TDS will apply on C & F agents ( Clearing & Forwarding Agents) is an issue which is hotely debated . Service Charges Rs 300/-Total Rs 1,00,900/-Please advise me I deduct the TDS on Service Charges Rs 300/- how can i treat it is Professional Charges, Commission or brokerage or Contract Charges. Posted 7 years, 4 months ago by particulars of invoice are : Total service tax charged is Rs 7238/- That means service charge is Rs 58,560/-, Posted 7 years, 4 months ago by Please provide Facts of The case So that you can get Best Advise from our Members of TIK Share.. Posted 7 years, 4 months ago by Forwarders do not apply a margin, so it is an easy charge to check (most carriers usually display it on their home page). Container Handling Charge : Container : EUR : 60 : eff. By virtue of Sub-section (8) of Section 172 the demurrage charge or handling charge or any other amount of similar nature' are treated at par with carriage paid or payable to such owner or charter. v) On the facts and in the circumstances of the case and in law, the learned CIT(A) has erred in deleting the demand on account of short deduction of tax on payments of Terminal Handling charges, Container Freight Station charges and BPT charges does not fall within the purview of section u/s. 16 October 2010 You require to deduct TDS on all charges other than ocean freight. Assessing Officer (AO) opined that such services are managerial in nature and Sec.194J is to be applied. Read more » Press Release. This assumes significance as the bills presented by CHAs include a number of components like terminal handling charges, customs duties, octroi, various port charges, ocean freight and warehousing charges. Documentation processed on port departure. Oct. 2009 : Documentation Fee : BL : EUR : 75 : all trades - if SI is not submitted via MOC, CargoSmart or EDI eff. An Advice on CONCOR 's Policy on Waiver of Terminal Service Charges. TDS should be decuted after applying the provision relating to TDS ON PROFESSIONAL SERVICES. Since the payment exceeds 30,000 TDS should be deducted. 2 Question is that i deduct the TDS on RS 300/- or Rs 100900/-. TDS is one of Hong Kong's leading freight forwarders. Payments made to clearing and forwarding agents for carriage of goods are subjected to deduction of tax at source under section 194C, since unlike the travel agents, they are independent contractors. I am also of the considered opinion that the provisions of TDS u/s 194C are applicable to the payments in respect of Cargo Handling Charges. Posted 7 years, 4 months ago by CA Pulkit Sharma The validity of the terminal handling charges addressed in this study relates to the period July-September, 2008, and April-June 2009. • Containers with inspection/handling opening at the front. may not end up being paid to non-residents, these are treated as amounts falling within special provisions of Section 172 . Do let me know your require further clarification on this...! damaged containers continue to proceed steadily. 3)So TDS Applicable under Section 194C @ 2% or 1% depends on Status of Payee,, Generally C&F Agents will incur expences and will get re-imbursement from us(Demurrage charges,THC Charges,Bill of lading charges,and handling charges and other expences incurred to discharge his duties), **TDS Not applicable if he claimed re-imbursement expences in seperate bill,,And provided original bills paid by him, **Assesse can take Cenvat credit also based on original bills provided by Clearing Agent. Terminal Handling Charges in case a container is sent to Factory/Warehouse by road for destuffing on a trailor and comes back empty in the terminal. Container lift charges are negotiated between individual carriers and terminal operators. Taxation Professionals. Auxiliary clip • Clips on container grip for comfortable lifting of heavy loads. Auxiliary clip • Clips on container grip for comfortable lifting of heavy loads. Since the first day of container discharging at Kobe, a total of 277 boxes have been safely discharged as of January 13, 2021.
My clearing agent issued us Custom expenses like Container Loading,damrage,documantation,rail freight concor,DEPB licence verification charges and saprate bill issued agency charges,Can I deducted TDS and one Bill raise of container moving freight charges.but My agent is issued his prop firm bill and he is hire truck so please inform to me can I deduted tds from his bill. The charges you mentioned are not storing charges, but professional charges. subject to following condition : 1.if ocean freight charges belong to export of goods etc. the provision of TDS is not applicable as the income of such shipping comapny will be taxed under section 172. 2017-18, freight Tax on freight handling and, similar charges from various ties before remittance of such amount outside India. Handling charges definition: a fee paid to cover the packaging , transport , etc, of a commodity | Meaning, pronunciation, translations and examples Remarks:-Terminal Stuffing: Terminal Handling Charges in case customer brings cargo inside the terminal by road in trucks and stuff the As per section 194CTDS is to be deducted on Contractors at 1% in case of (Individual / HUF) and Single Contract at 2% on (Partnership / Companies)However, No TDS is to be deducted if annual expense is upto 100000 p.a. CA Pulkit Sharma. (3) ... Container Handling Equipments Anuj Gandhi. or upto 30000 single Contract per … CIT v. Bhagwati Steels - (Punjab & Haryana HC) - In the instant case, it was held that . The issue is whether TDS to be deducted or not be deducted is one and on other hand under what section if yes is a daunting task. 2 Question is that i deduct the TDS on RS 300/- or Rs 100900/-. The findings of fact recorded by CIT(A) have not been controverted by the revenue. By the nature of transaction it implies, the TDS section that would attract is 194C and not 194J as no professional fees is levied. containers. 1996-97, 1997-98 and 1998-99. Assessee was considered to be in default for short deduction. TDS not deductible on freight chargers shown separately in Goods Purchase Bill. Terminal Handling Charges (CSC or THC) sind Kosten, zusätzlich zur Seefracht, die von der Reederei abgerechnet werden. individual GRs which represented individual and separate contracts and there was no Th eanswer is no. CIT (A) confirmed AOâs action. Jan 11, 2021 ONE to offer two new direct services from North Europe to East Mediterranean and Turkey or upto 30000 single Contract per … Assume in your Flipkart invoice first month (April 2016) commission fee is not more than Rs 2000 then you need not pay TDS. The assessee also submitted order where such transactions were regarded as contract for sale against the order of D.C.I.T. 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Made to them would be liable for TDS terminal operators services from Europe!, these are treated as amounts falling within special provisions of section 172 subject to following condition: ocean!
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