TCS 206 (1h) applicable to sale to good to SEZ
meena yadav (90 Points)
17 October 2020
Is TCS applicable on sale of good to SEZ? please clarify
6 Replies
Ajay Kumar Maggidi
(Manager - Finance & Accounts)
(2073 Points)
Replied 17 October 2020
Yes.
Sales made to SEZ is not export of goods for the purpose of 206C(1H).
Hence, The Provisions of 206C(1H) applies when sales made to SEZ units/developers.
meena yadav
(90 Points)
Replied 17 October 2020
Kindly provide supporting of its , which is issue by department
Balbhagwan Pandey
(34 Points)
Replied 17 October 2020
CIRCULAR issue by cbdt which clarify tcs not applicable for export of goods outside India.
ayusmita
(Tax consultant)
(5885 Points)
Replied 17 October 2020
The sale of goods to sez deemed export is not covered under the excusion as the provisions is clearly stated as good other that good export ed out if India so 206C (1h) is not applicable in this condition
meena yadav
(90 Points)
Replied 19 October 2020
Kindly provide circular number Mr. Balbhagwan Pandey, Thanks
Balbhagwan Pandey
(34 Points)
Replied 28 February 2021
Mam,
Pls note SEZ supply is export in indirect tax point of view but in direct tax point of view it will cover u/s206C(1H)
Pls note SEZ supply is export in indirect tax point of view but in direct tax point of view it will cover u/s206C(1H)
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