GSTR 1 - invoice value

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student
24 Points Posted on 10 July 2020
Does invoice Value in GSTR 1 under B2B sales includes TCS amount?
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On 10 July 2020 at 16:17 Report
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This discussion clarifies whether the invoice value reported in GSTR 1 for B2B sales should include the Tax Collected at Source (TCS) amount. The consensus is that the invoice value must encompass the taxable value plus all applicable taxes, including CGST, SGST, or IGST, and therefore should include TCS.

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Assistant Manager
787 Points Posted on 10 July 2020
Yes it should include. The invoice value would be taxable value + taxes (CGST+SGST/ IGST) .
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On 10 July 2020 at 17:19
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4215 Points Posted on 12 July 2020
Yes it is hold good
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On 12 July 2020 at 21:29

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