TMI BlogTCS on deemed exportX X X X Extracts X X X X X X X X Extracts X X X X ..... Hi All, We are supplying products (Liquor) 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 amount calculated at such rate not exceeding one per cent. Therefore TCS provisions are applicable if you are an Ecommerce operator only. There is no T ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... CS on deemed export. I think you are referring to 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 to have further clarification. we are supplying liquor and charging TCS on sales of liquor to distributor/wholesales. In case of sales of liquo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r to deemed export does TCS provision applies. Pls help 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 definition 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... act. This is my view, Sir. - TCS on deemed export - Query Started By: - JOHN SHANNEL Dated:- 9-2-2022 Income Tax - Got 3 Replies - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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