Table 14 in Gstr-1

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This query is : Resolved

Asif Ali (Querist)

14 July 2024 Dear Sir.
What amount will be taken in table 14 of Gstr1
(Taxable value+1% Tcs amount)
Or
(Taxable value+18% Item Rate) ????

Aashok Kumar Sharma

Aashok Kumar Sharma

(Expert)

13 August 2025 In Table 14 of GSTR-1, which is for TCS (Tax Collected at Source) details, the amount to be reported depends on the guidelines for TCS reporting.
What amount to report in Table 14?
Table 14 requires the “Taxable Value” on which TCS is collected.
The taxable value is the value of supply excluding GST, but including the 1% TCS amount collected under GST provisions.
So, the amount to be reported is:
Taxable value + 1% TCS amount
Explanation:
The 1% TCS is collected on the value of supplies made to unregistered persons or specified buyers.
Since the TCS is collected on the sale value, the value to be reported includes taxable value plus the TCS amount (which is also part of the consideration).
You do NOT include GST (e.g., 18%) in this taxable value for Table 14 reporting because GST is reported separately.
Summary:
Amount to report in Table 14 of GSTR-1 Explanation
Taxable value + 1% TCS amount This is the correct amount, as TCS is collected on the sale value
Taxable value + 18% GST amount Incorrect, GST should not be included in taxable value for TCS reporting

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