Friday, November 18, 2011

Q) What is the TDS Rate for Customs Clearing and Forwarding Agents (C&F)


TDS RATE FOR C&F AGENTS

Q) What is the TDS Rate for Customs Clearing and Forwarding Agents.
A) 2%

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TDS Keywords

Taxable Supply: means the supply of goods or services or both which is leviable to tax under GST Act.
Deductor: Deductor is the person who is required to deduct TDS for a supply from a supplier.
Deductee: The supplier from whom tax is deducted.

Who need to deduct TDS

The following persons need to deduct TDS
  1. A department or establishment of the Central or State  Government, or
  2. Local authority, or
  3. Governmental agencies, or
  4. Persons or category of persons as may be notified, by the Central or a State Government on the recommendations of the  Council.
Read More about TDS on GST

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