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Regarding TCS

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(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
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sonu kumar Choudhary

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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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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
23 February 2021 in GSTR 1 mention 1,18,000. Include it in sale invoice.
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Vijay Mishra

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Vijay Mishra (Querist)
23 February 2021 Dear Sir, Please let me know, whether we need to mention TCS amount during filling during GSTR1 / 3B or not.
Regards / Vijay
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CA Gunjan Agarwal

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CA Gunjan Agarwal (Expert)
23 February 2021 no there is no need to mention TCS Amount while filling GSTR-3B/GSTR-1.
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Vijay Mishra

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Vijay Mishra (Querist)
23 February 2021 Thanks a lot to all the experts !
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