Improve Advance & Balance Payment Of Transporter

Advance Payment & Balance Payment Of Carrier / Broker Is Always a problem in India So, I am sharing herewith for all of you Process Of Advance & Balance Payment. If You Hire & Or Give any person vehicle Kindly follow below process then You can get Payment easily without any tension.

Vehicle Loading & Advance Payment:

Collect Vehicle Documents: RC, Fitness, Insurance, Permit, Driver License

Insurance Copy: Check Insurance Expiry Date

Permit Copy: Check Permit Expiry Date

Pollution Copy: Check Expiry Date

Fitness Copy: Check Fitness Expiry Date

PAN Card Copy: If PAN Card is not providing by the vendor then 20% TDS Will deduct From Advance & Balance Payment.

TDS Deceleration: Plz Note If vendor have more than 10 Vehicle then 2% / 1% TDS Will deduct At the time of Vehicle Advance & Balance Payment.

Invoice Copy: Check Invoice Details, Value & Date

State Permit: If Permit is applicable then check Permit with Invoice Value, TIN / TAN No., Consignor / Consignee Details & Checkpost Name.

At the time of Advance Payment Kindly collect Broker Slip, Account Copy of GR, Bhara Challan (If LTL / PTL Shipment Then Collect Manifest Copy), PAN Card Xerox Copy, and TDS Deceleration Xerox Copy.

Balance Payment Of Vehicle:

At The Time of Balance Payment Kindly Check Shortage / Damage On POD (If Shipment in FTL) & Also Collect Below Documents From Vendor:

POD Copy

Manifest Copy for Balance Payment / Bhara Challan

Transit Pass Of State’s (If Applicable)

PAN Card Xerox Copy (If Not Available In Accounts Dept.)

TDS Deceleration Xerox Copy (If Not Available In Accounts Dept.)