GST on TCS

Pankaj Rawat (GST Practitioner) (55025 Points)

10 January 2019  
General Information for All where a registered person is collecting TCS as per Income Tax Act


As per recently released circular by the GST department, GST is to be levied on the value including such TCS

The earlier practice was that VAT is charged on the basic value and TCS was charged on Basic Value plus VAT

But, now TCS will be charged on Basic Value and GST shall be charged on Basic Value plus TCS