DEEMED EXPORTS UNDER GST
Export of goods, in common parlance, means taking goods outside India. The process of supplying the goods(produced/manufactured in the country) on an international scale is known as Export. Such supply of goods and service contribute to the growth of an economy and thus enjoy the perk of being treated as zero-rated supplies. Such supplies are treated as zero-rated supplies under GST. However, there is a certain category of supplies, as notified by the Central Government, wherein the supply is treated as an export, even if the goods do not leave the national borders. The Central Government have notified such categories of supplies of goods as deemed exports. This means that such supplies shall be treated as exports even if such goods are not taken outside India.
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