Dear Sir/Madam,
I'm importing rights to telecast a cartoon program from China. i.e., I get the rights to telecast a cartoon which is produced in China. I'm buying it from the person in China and dubbing it in Indian languages and telecasting in India.
While making payment the seller in China, should I deduct TDS? What is the rate of TDS if it is applicable?
For this import, is IGST applicable? If yes, what is rate of IGST?
Importing Telecast Rights for Cartoons: 18% IGST Applicable, Consult Expert for TDS Guidance Under Tariff Code 998465. A user inquired about tax obligations when importing telecast rights for a cartoon program from China, specifically regarding the applicability and rate of Tax Deducted at Source (TDS) and Integrated Goods and Services Tax (IGST). The response confirmed that IGST is applicable at a rate of 18% under the tariff code 998465 for services. However, the user was advised to consult an income tax expert for guidance on TDS requirements. (AI Summary)
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