TaxTMI 
TaxTMI 
TCS on deemed export
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....CS on deemed export<br> Query (Issue) Started By: - JOHN SHANNEL Dated:- 9-2-2022 Last Reply Date:- 22-2-2022 Income Tax<br>Got 3 Replies<br>Income Tax<br>Hi All, We are supplying products (Liquor) t....
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....o 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 am....
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....ount 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 s....
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....ubsidised 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 t....
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....o 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 ....
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....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 defini....
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....tion 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.<br> Discussion Forum - Knowledge....
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.... Sharing ....