Query related to Making E Invoice

238 views 11 replies

Mohit Chaudhary

Student

142 Points Joined April 2017

Dear Sir,

As per the Invoice that we make physically the Contents are as follows

Taxable Value
+ GST
= Amount before TCS
+ TCS on Sale of Goods
=Total Invoice Value

As per Filing GSTR 1 In table 4 we use to file Amount before TCS as our taxable value as we do not consider TCS as its part direct taxation.

But since the client is started to make E- invoice so what is reflecting in GSTR 1 Table 4, the total Invoice value which includes TCS.

So my query here is that what should I do, change the details in table GSTR 1 TABLE 4, as the detail are wrongly includes TCS in Total Invoice Value.

Please help with this situation as while creating E Invoice client has taken Total Invoice Value which includes TCS.

Replies (11)

Pankaj Rawat

GST Practitioner

55062 Points Joined June 2017

Dear Mohit
In GSTR 1 under table 4 ,you can provide total invoice value including TCS. yes the taxable value + GST will not get tally with Total Invoice Value therein but it hardly matter.

CA. Sourav Sarkar

Chartered Accountant

24588 Points Joined November 2019

Agree with Pankaj ji

Mohit Chaudhary

Student

142 Points Joined April 2017

So what you said if fine but where I need to provide HSN wise summary so, what should I do....?.Should I provide as per data in GSTR 1 where taxable value includes TCS or Should I file the other way.

please quide on that also Sir

Pankaj Rawat

GST Practitioner

55062 Points Joined June 2017

Under HSN Summary provide Taxable Value (exluding tcs).

Note : In table 4 also You have reported Taxable Value excluding tcs

Mohit Chaudhary

Student

142 Points Joined April 2017

But due to E Invoice the TOTAL Invoice value has auto populated and it is including TCS. So you mean to say that I should change the details of table 4 and make the total value excluding TCS.

Pankaj Rawat

GST Practitioner

55062 Points Joined June 2017

no.............

IN TABLE 4 , UNDER FIELD TOTAL INVOICE VALUE SHALL BE INCLUDING TCS

IN TABLE 4, UNDER FIELD TAXABLE VALUE EXCLUDING TCS

Mohit Chaudhary

Student

142 Points Joined April 2017

Ok got it. Thanks Sir

Bhavika Kothari

1258 Points Joined May 2020

You have two options here either continue using the invoice value as Value before TCS and second option is show value excluding TCS in E-invoicing under GST too. In my opinion first option is better that your value should be inclusive TCS in GSTR-1
Know more about TCS & impact on E-invoicing

Mohit Chaudhary

Student

142 Points Joined April 2017

Thank You Ma'am

Ravinder Singh

Direct & Indirect Taxation professional

110 Points Joined April 2010

In my views, you have to mention Total Invoice Value inclusive TCS in GSTR-1 at the time of Filing, because in GSTR-2A of your customer will show the Total Invoice Value, Taxable Value and GST Amount to match with the invoice.

Also mention the same in HSN Summary to match with GSTR-1 Tables with HSN Summary.

Invoice Amount should be matched with GSTR-1 and E-Invoices