Menu
Collection of Tcs
Is TCS collected on inclusive of GST or not?
Replies (4)
TDS and TCS both are considered on value exclusive of GST.
any notification regarding for above reply
CBDT has clarified through Circular No. 23/2017 that if GST on services has been indicated separately in the invoice, then no tax would be deducted on GST component.
GST includes CGST, SGST, IGST, UTGST.
GST includes CGST, SGST, IGST, UTGST.
The said notification is about the TDS only.
It does not mention TCS or Section 206C.
Recent Threads
- Query of GST
- Long Term Capitalgains on sale of residential prop
- How Salaried Individuals Can Reduce Capital Gains
- NSTPI registration
- GST PAID IN DELHI
- How to Trade Forex in India?
- TDS - requirement of TDS by individual under presu
- Normal Register in GST in delhi in gujarat no rece
- ITC availment relationship
- Challan confusion in ITR B block return
Related Threads
CAclubindia
