Regarding TCS

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This discussion clarifies how to handle Tax Collected at Source (TCS) when filing GST returns. Experts advise that the TCS amount itself should not be included in the GSTR 1 or GSTR 3B filings. Instead, the taxable value and GST should be reported as usual, and TCS should be handled separately under income tax regulations. It's generally recommended to include TCS on the sales invoice rather than issuing a separate debit note.

Vijay Mishra

Vijay Mishra (Querist)

23 February 2021 Dear Sir,
Greetings!
I have one question. Suppose we issue a invoice of Rs. 1,00,000/-, GST @18% - Rs. 18,000/- & TCS on Gross amount of Rs. 88.50. Net value of Invoice - Rs. 1,18,088.50
Now, please let us know, which amount should we mention in GSTR 1 (whether 1,18,000 or 1,18,088.50) ?
and please also let us know, which is most reliable to charge TCS on sale invoice or issue debit note ?
Regards / Vijay

sonu kumar Choudhary

sonu kumar Choudhary (Expert)

23 February 2021 Taxable Value of Rs. 100000 /- and GST of Rs. 18000 /- are shown in GSTR-1. Since TCS has been levied under income tax . Return of TCS Should be separately filed.

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