Levy of GST on value of supplies in case of scrap sales

This query is : Open

CA Sanjay Baheti (Querist)
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21 November 2019 My query related to levy of GST whether IGST or CGST/SGST @ prescribed rates on value of supplies i.e. whether the same is levied only on basic value of sales or inclusive of TCS Portion being 1% on basic value levied under section 206C of I.T.Act particularly in case of scrap sales.For example basic value of scrap is Rs.100/- on which TCS levied is Rs.1 @1% on Rs.100/- Now for GST levy @ 18% as IGST in case of inter state sales whether the same will be levied either on Rs.100/- i.e.Rs.18/- as IGST or on Rs.101/- @ 18% i.e.Rs.18.18 as IGST
Please resolve the said issue as most of sellers have different views as per their CA's/Consultants. Which one is correct as per GST Law.

RAJA P M

RAJA P M (Expert)
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21 November 2019 First of TCS applicable on Total Invoice Value. Not only for the Basic value...

RAJA P M

RAJA P M (Expert)
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21 November 2019 As per values, 100+18 = 118 & 118 * 1% = 1.18. Invoice will be raise Rs 119 and TCS will be collect Rs 1...

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Levy of GST on value of supplies in case of scrap sales

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