TDS on Agency Charges paid To CHA Dear Friends In Case of agency charges paid to custom house agent for clearing of material from custom whether TDS is applicable in Section 194C or under 194H i.e. 2008/TC(FM)/ 1/1(TDS) New Delhi, Dated:15.04.2008 General Managers All Indian Railways. Please note that he is also giving separate invoice for his Agency Charges with Service tax and we are deducting TDS on agency charges only. Now while making payment to CHA for those reimbursement charges shall we deduct TDS. In which Head TDS Applicable & Which Amount with which Rate. ... No question of TDS where supply is exempted from GST. Recommended: Easy Guide to TDS Provisions Under Income Tax Act 1961 Get to know complete guide of TDS provisions under income tax act 1961 at here. 15.05.1987: TC-I/87/214/2: Siding charges on trainloads running through from and to private sidings/ exchange yards. Taxation Professionals. The Mission of the Cochin Port Trust is to provide dependable, cost-effective mission Port services through modern and efficient infrastructure coupled with high quality, customer friendly services. Corporate Office. Please suggest us whether TDS liability will be attracted on above bill. 13.03.1987: TCR/1078/87/34 This scheme will come into force with immediate effect. Terminal Handling Charges; Demurrage Charges; Any other amount of Similar Nature (Like Addl.Ocean Freight/Addl.Demurrage/Addl.THC etc ) Any other expenses not mentioned above, will be subject to deduction of TDS. The CFS charges a fee for this deconsolidation service, based on the volume of the cargo. Disallowance of Terminal Handling Charges to the tune 1,54,028 on account of non-deduction of TDS u/s 194C. 8. 1941 of the LT. The assessee has claimed to have paid Terminal Handling Charges of Rs. terminal handling charges Latest Breaking News, Pictures, Videos, and Special Reports from The Economic Times. Showing Replies 0 to 0 of 0 Records. Flat G, 2/F, Phase 2, Kingsway Industrial Building, 167-175 Wo Yi Hop Road, Kwai Chung, Hong Kong + 852 2377 3577 [email protected] No collection charges shall be paid in case the airline fails to pay the UDF invoice to AAI within … 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. THC varies port to port of each country, as the cost of handling at each port differs one to another port, depends up on the total cost of port terminal handling at each location. Terminal Handling Charges Discahrge 88338.00 12367.00 . Section 194IC: TDS on Payment Made Under Specified Agreement The Port shall manage its assets and resources for optimal economic use to the Nation and the community. M-09212401641. Download MLAS TDS Declaration_2019-20. TDS is cut down u/s 194IB, then TAN is not required. Any other amount of Similar Nature (Like Addl.Ocean Freight/Addl.Demurrage/Addl.THC etc ) Terminal Handling Charges. Where itemized charges are levied, the concession shall be on all the relevant charges for ... but excluding any terminal handling charges or any cost that would be incurred after. For Example. Posted On June 28th, 2019 . Container lift charges are negotiated between individual carriers and terminal operators. handling charges for ship-shore transfer and transfer from/to quay to/from storage yard including wharfage (d). While for freight charges on ocean … Reimbursement of expenses against separate bills to C&F agents doesn’t require TDS and hence no dis allowance u/s 40(a)(1a)… ITAT Cochin bench held in the case of Assistant Commissioner of Income Tax (TDS) Vs St. Mary’s Rubbers Private Limited dismissing revenue’s appeal. Sub: TERMINAL DEVELOPMENT SCHEME (TDS) Ministry of Railways has formulated a new Terminal Development Scheme (TDS). 1.2.1.b. Tds need not be deducted on the following category of expenses: Ocean Freight. In case of container related charges the concession is applicable on composite box rate. Revision of Terminal Charge payable to Port Trust w.e.fr. No Post / Reply found for this query Posts / Replies. Terminal Handling Charges (THC) is the charges collected by terminal authorities at each port against handling equipments and maintenance. of the Act for the freight charges, terminal charges, terminal handling charges (THC) and any other amount of a similar nature collected by us on behalf of APL Co Pte Ltd in respect of goods shipped at a port in India. Whether tds is applicable for terminal handling charges charges paid? 194C of the 1961 Act and added to business income of the assessee. please Help me out. 6. The validity of the terminal handling charges addressed in this study relates to the period July-September, 2008, and April-June 2009. ahmedabad omega shipping agencies pvt. Posted 5 years, 2 months ago by Raj Sareen. They are still not clear whether the TDS should be on the entire bill amount or only on the service charges, according to sources in Bombay Custom House Agents Association (BCHAA). Subject: TDS rate on Terminal Handling Charges(YHC) Message: Please tell under which section tds will be deducted on Terminal Handling Charges which pay to shipping Co. by clearing Agent on behalf of Importer.-----Visitor Ip: 123.237.182.58 No. 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. Regards. :91-79-26585460 Also, we include several topics as TDS returns, TDS due dates, penalt. 0. It is in fact Kawasaki Liner Service who have rendered these services. 21.10.1993: TC-I/87/214/2: Siding charges on trainloads running through from and to private sidings/ exchange yards. Circular : No. An Advice on CONCOR 's Policy on Waiver of Terminal Service Charges. While collecting the port handling charges or terminal handling charges, appellants have not rendered any such service under this category. 1,54,028/- to M/s Swift Freight (I) P. Ltd. which was disallowed by the AO u/s. Pankaj Gupta. terminal handling charges Blogs, Comments and Archive News on Economictimes.com 7. We hereby confirm that the entire amount payable by you to us towards freight and other charges Terminal handling charges varied within a port by trade route, irrespective of which terminal was being used. You need to deduct TDS on entire amount. :91-79-26580901; fax no. Charges for Customs Document Printout- Download - 224 KB Entry Permit Fee for Tanker lorry which Supplies Fresh Water to the Vessels by Authorized Licensed Agencies- Download - 74 KB Waiver of 'Shifting' (Pilotage) and Berth hire charges in respect of barges engaged by various oil companies for supply of bunkers and fresh water at anchorage of Cochin Port- Download - 494 KB The shiyas muhammed: On 16 February 2015 I was just surfing net to understand various charges charged by different agencies at Port in case of Import of material- Like DO charges, THC, Ground rent, CFS charges, carting charges etc.But unable to understand the activities performed at port and corresponding charges … Demurrage Charges. The GST law, however, does not specify what happens when there is an exclusion for air transport. ltd. 503, 5th floor, sakar v, off ashram road, ahmedabad - 380 009; tel no. Mediterranean Shipping Company S.A. is a world leader in global container shipping and a company that prides itself on offering global service with local knowledge. It is clarified that cash handling charges may not be included under intersol charges. Acceptance of GST TDS deducted and GST TDS Certificate thereof - 14-Dec-2018 sea freight fcl cost freight charge inr dr 3,600.00 sea freight fcl cost terminal handling charges 20"gp inr dr 5,500.00 sea freight fcl cost seal fee inr dr 250.00 sea freight fcl cost bill of lading inr dr 2,500.00 igst cost a/c i/u gst 18% inr dr 1,485.00 tds payable tds payables 2% inr cr 237.00 cma cgm tds … Collection charges: if the payment is made within 15 days of receipt of invoice, then collection charges at INR 5.00 per departing passenger shall be paid by AAI. If you are shipping LCL and your incoterms include origin charges (e.g., Ex Works), you will also see a container freight station fee under Origin Charges on your Flexport quote/invoice. Documents required for non-deduction of TDS for the above expenses: Tax exemption Certificate issued by the Income tax Department. Siding charges on trainloads running through from and to private sidings/ exchange yards. Asked by Wiki User. Terminal Handling Charges – THC. CHA is raising 2 invoices One is debit note for Reimbursement and another for his services Taxable Invoice, So now how we are passing the entries for Reimbursement Invoice -- Freight on … 40(a)(ia) due to non-deduction of TDS u/s. commission: Replies: saili ambernath: in CHA Bill ocean fright terminal ,Handling charges, Bill of leading charges , VGM weighment charges The tax liability on of terminal charges, warehousing, and cargo handling is determined based on the taxability of the principal service. TDS CERTIFICATES & CIRCULARS: 2019-2020. Mediterranean Shipping Company S.A. is a world leader in global container shipping and a company that prides itself on offering global service with local knowledge. Trade Notice For Port Charges Collection Of Remittance Through PCS 1X From Bulk Customers: 16-Mar-2020: 28-Mar-2020: 336 KB: 5: Trade Notice Reg. 715, dated 8-8-1995. The details of the scheme are enclosed herewith. CONCOR's Policy On Waiver of Terminal Service Charges. Thus, if the time deposit is renewed after 1-7-1995, the tax deduction at source will have to be made from interest paid or credited in respect of such a time deposit. Quay to/from storage yard including wharfage ( d ) Raj Sareen TDS due dates penalt... Disallowance of terminal Charge payable to port Trust w.e.fr of the 1961 Act added... Ago by Raj Sareen the concession is applicable on composite box rate 21.10.1993: TC-I/87/214/2: Siding charges on running! Law, however, does not specify what happens when there is an exclusion for air transport with effect. Is cut down u/s 194IB, then TAN is not required the CONCOR. Of container related charges the concession is applicable on composite box rate and April-June 2009,... 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