TCS

This query is : Resolved 
Quick Summary
If you've purchased materials like plastic and incurred Tax Collected at Source (TCS), you can claim this amount. The TCS collected is typically handled through your Income Tax filing. While it's not directly claimed under GST, ensuring it's correctly reported in your Income Tax Return (ITR) allows you to recover the amount paid.

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(Querist)
01 March 2021 In last month i bought 2000kg plastic material from GAIL and the bill shows TCS(@0.075%) - 162.19, can I claim the above amount on GST/Income Tax
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
01 March 2021 Yes you can claim.........
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Harikrishnan

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Harikrishnan (Querist)
14 March 2021 Where/How can Claim TCS amount in GST?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
14 March 2021 It's income tax TCS file ITR and claim it.
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