TCS on GST

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PROPRIETOR
59 Points Posted on 07 October 2020
according to recent amendments TCS is to collected on sales beyond 50Lacs. Whether TCS is to be collected on only sale value or on sale value+Gst. Can any one
clarify. Thanks .
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On 07 October 2020 at 19:21 Report
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Quick Summary
This discussion addresses a common query regarding Tax Collected at Source (TCS) on sales exceeding 50 Lakhs. The core question is whether TCS should be calculated on the sale value alone or on the total invoice value, which includes GST. Participants confirm that TCS is applicable on the full invoice amount, encompassing both the base price and the GST.

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Tax and Business Consultant
11616 Points Posted on 07 October 2020
Taxable value + GST value (i.e on total invoice value )
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On 07 October 2020 at 19:36
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"Do the Right Thing...!!!"
128157 Points Posted on 07 October 2020
TCS applicable on Full value of Invoice (Basic + GST).
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On 07 October 2020 at 19:38
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234 Points Posted on 08 October 2020
TCS has to be charged on Base price plus GST
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On 08 October 2020 at 11:15

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