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TMI BlogTCS on deemed exportX X X X Extracts X X X X X X X X Extracts X X X X ..... TCS on deemed export X X X X Extracts X X X X X X X X Extracts X X X X ..... to airlines. Being deemed export is there TCS applicable? Can you advice? Reply By SOWMYA CA: The Reply: As per section 52, Every electronic commerce operator not being an agent, shall collect an a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... mount calculated at such rate not exceeding one per cent. Therefore TCS provisions are applicable if you are an Ecommerce operator only. There is no TCS on deemed export. I think you are referring to ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... subsidised rate for Merchant Export @ 0.1% for exports. You cannot avail concessional rate of 0.1% for supplies to airlines. Reply By JOHN SHANNEL: The Reply: Thanks for the reply. Still would like ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... to have further clarification. we are supplying liquor and charging TCS on sales of liquor to distributor/wholesales. In case of sales of liquor to deemed export does TCS provision applies. Pls help ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on the clarification. Reply By raghunandhaanan rvi: The Reply: TCS is applicable to this supply of goods. It cannot be termed as 'deemed export' as this supply does not fall under the defin ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ition of deemed export as per FTP or GST law. Goods are also not taken to a place outside India, thus not termed as export as per the customs act. This is my view, Sir. X X X X Extracts X X X X X X X X Extracts X X X X ..... e Sharing ..... X X X X Extracts X X X X X X X X Extracts X X X X
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