Download MLAS TDS Declaration_2019-20. Now while making payment to CHA for those reimbursement charges shall we deduct 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. commission: Replies: saili ambernath: in CHA Bill ocean fright terminal ,Handling charges, Bill of leading charges , VGM weighment charges The validity of the terminal handling charges addressed in this study relates to the period July-September, 2008, and April-June 2009. Corporate Office. 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 It is clarified that cash handling charges may not be included under intersol charges. Flat G, 2/F, Phase 2, Kingsway Industrial Building, 167-175 Wo Yi Hop Road, Kwai Chung, Hong Kong + 852 2377 3577 [email protected] Section 194IC: TDS on Payment Made Under Specified Agreement TDS CERTIFICATES & CIRCULARS: 2019-2020. Whether tds is applicable for terminal handling charges charges paid? Circular : No. M-09212401641. ... but excluding any terminal handling charges or any cost that would be incurred after. 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 … Acceptance of GST TDS deducted and GST TDS Certificate thereof - 14-Dec-2018 Tds need not be deducted on the following category of expenses: Ocean Freight. No Post / Reply found for this query 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. :91-79-26585460 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 … ... No question of TDS where supply is exempted from GST. 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. While for freight charges on ocean … Terminal Handling Charges (THC) is the charges collected by terminal authorities at each port against handling equipments and maintenance. 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. 40(a)(ia) due to non-deduction of TDS u/s. Posted On June 28th, 2019 . TDS is cut down u/s 194IB, then TAN is not required. We hereby confirm that the entire amount payable by you to us towards freight and other charges 6. 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. The assessee has claimed to have paid Terminal Handling Charges of Rs. Taxation Professionals. Showing Replies 0 to 0 of 0 Records. 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. Also, we include several topics as TDS returns, TDS due dates, penalt. Where itemized charges are levied, the concession shall be on all the relevant charges for handling charges for ship-shore transfer and transfer from/to quay to/from storage yard including wharfage (d). Documents required for non-deduction of TDS for the above expenses: Tax exemption Certificate issued by the Income tax Department. 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. Asked by Wiki User. 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. Posts / Replies. The tax liability on of terminal charges, warehousing, and cargo handling is determined based on the taxability of the principal service. The details of the scheme are enclosed herewith. 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. 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. Sub: TERMINAL DEVELOPMENT SCHEME (TDS) Ministry of Railways has formulated a new Terminal Development Scheme (TDS). Any other amount of Similar Nature (Like Addl.Ocean Freight/Addl.Demurrage/Addl.THC etc ) 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 0. Container lift charges are negotiated between individual carriers and terminal operators. Demurrage Charges. 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. Posted 5 years, 2 months ago by Raj Sareen. 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. You need to deduct TDS on entire amount. 13.03.1987: TCR/1078/87/34 ltd. 503, 5th floor, sakar v, off ashram road, ahmedabad - 380 009; tel no. Terminal Handling Charges – THC. While collecting the port handling charges or terminal handling charges, appellants have not rendered any such service under this category. Disallowance of Terminal Handling Charges to the tune 1,54,028 on account of non-deduction of TDS u/s 194C. 8. 7. Terminal handling charges varied within a port by trade route, irrespective of which terminal was being used. 15.05.1987: TC-I/87/214/2: Siding charges on trainloads running through from and to private sidings/ exchange yards. 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). CONCOR's Policy On Waiver of Terminal Service Charges. In case of container related charges the concession is applicable on composite box rate. 1.2.1.b. Revision of Terminal Charge payable to Port Trust w.e.fr. Pankaj Gupta. Terminal Handling Charges Discahrge 88338.00 12367.00 . terminal handling charges Latest Breaking News, Pictures, Videos, and Special Reports from The Economic Times. For Example. ahmedabad omega shipping agencies pvt. :91-79-26580901; fax no. Siding charges on trainloads running through from and to private sidings/ exchange yards. 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. The CFS charges a fee for this deconsolidation service, based on the volume of the cargo. This scheme will come into force with immediate effect. Please suggest us whether TDS liability will be attracted on above bill. No. 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. 1,54,028/- to M/s Swift Freight (I) P. Ltd. which was disallowed by the AO u/s. No collection charges shall be paid in case the airline fails to pay the UDF invoice to AAI within … terminal handling charges Blogs, Comments and Archive News on Economictimes.com 715, dated 8-8-1995. 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. please Help me out. 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. An Advice on CONCOR 's Policy on Waiver of Terminal Service Charges. The Port shall manage its assets and resources for optimal economic use to the Nation and the community. The It is in fact Kawasaki Liner Service who have rendered these services. 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 … In which Head TDS Applicable & Which Amount with which Rate. Regards. 1941 of the LT. 194C of the 1961 Act and added to business income of the assessee. 21.10.1993: TC-I/87/214/2: Siding charges on trainloads running through from and to private sidings/ exchange yards. The GST law, however, does not specify what happens when there is an exclusion for air transport. Terminal Handling Charges. Law, however, does not specify what happens when there is exclusion... Will come into force with immediate effect to M/s Swift Freight ( I ) P. which! 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