Total value recd is 10 Lakh gst is 5% 10 Lac divide by 1.05 =952380.95 and TCS on total amt received 10 lac * 1% is Rs 10000
10L = 1.01
So 10,00,000/1.01, = 990099
990099/1.05= 942951.44
Sale = 942951.44
I/S/C GST 47147.56
TCS 9901.00
Naveen Fintech Pvt Ltd
Kolkata
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Gupta Sachdeva & Co. Chartered Accountants
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