GST TCS GSTR1

198 views
User Avatar

63 Points Posted on 13 April 2021
Sold goods worth Rs 100 to Zomato
GST @ 9% will be Rs 9
zomato deducted TCs @ 1% = Rs 1

so what will be the GST amount reported in GSTR 1 ?
0 Reply Share Follow
On 13 April 2021 at 20:38 Report
Replies (2)
Quick Summary
This discussion clarifies how to report sales made to Zomato that include Tax Collected at Source (TCS). The core question is whether the invoice value reported in GSTR1 should include the TCS amount. The consensus is that the full invoice value, including GST and TCS, should be reported in GSTR1, with the GST component clearly itemised.

User Avatar

Chartered Accountant
24588 Points Posted on 13 April 2021
Rs 100 plus cgst 9 rupees and sgst 9 rupees total 118 rupees should be reported in Gstr 1
Reply
On 13 April 2021 at 22:16
User Avatar

1238 Points Posted on 14 April 2021
Invoice Value includes TCS. We don't need to show including TCs value as total invoice value? Because in tax invoice there is no breakup of excluding TCS invoice value
Reply
On 14 April 2021 at 12:24

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. Subject: Can I Apply for Fresh GST Registration on
  2. Additional place in GST RC
  3. Company 3 months old, INC-20A not filed, all 3 of
  4. How do I choose the Best GST Lawyers in New Delhi
  5. Loss on sale of residential flat after indexing al
  6. Short Deduction
  7. Large mismatch between AIS Business Receipts and G
  8. Income tax on Australian Stipendiary Steward on 3
  9. INCOME TAX SECTION 92E
  10. Queries on Tax Invoice and GST

More recent discussions | Post

Related Topics :

Loading