B2B Reporting of Invoice Value IN GSTR 1 -Including TCS or excluding TCS

Hi,

While Reporting in B2B of GSTR1, Invoice value to be reported as Rs.1,180/- or Rs.1,181.18 for below tabulated table.

Also while reporting in e way bill, is it correct to report TCS amount under "Others" column of e way bill.

Particulars Amount (Rs.)
Taxable Value           1,000.00
CGST @ 9%                 90.00
SGST @ 9%                 90.00
Invoice Value           1,180.00
TCS @ 0.10% 1.18
Invoice Value including TCS           1,181.18
Replies (1)
You can deduct Tcs on Taxable value not Invoice value and you have report GSTR-1 B2B Sale excluding TCS amount. for example 1000 *9%cgst or 9% sgst and you can desuct Tcs or Rs.1000*0.1% is 1 Rs and your invoice value is 1181 and you Report Gstr-1 excluding tcs.

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