TCS on GST

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CA-IPCC
143 Points Posted on 19 January 2021
sir,if supplier raise tax invoice after charge IGST 5% and TCS .0075% whether recipient deduct TDS from this tax invoice or pay whole amount please reply me
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On 19 January 2021 at 10:07 Report
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This discussion clarifies the treatment of Tax Collected at Source (TCS) when it appears on a GST tax invoice. It confirms that TCS is related to Income Tax, not GST. If a supplier includes TCS on their invoice, the recipient should pay the full amount, including the TCS, rather than deducting TDS from it.

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full details of gst and hsn code
233 Points Posted on 19 January 2021
TCS Should be 0.075%, Not 0.0075%.
If supplier added TCS in tax invoice, You have to pay full amount including TCS.
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On 19 January 2021 at 10:56
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CA-IPCC
143 Points Posted on 19 January 2021
Whether TCS relating to IT or GST
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On 19 January 2021 at 11:49
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full details of gst and hsn code
233 Points Posted on 19 January 2021
TCS related to Income tax,
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On 19 January 2021 at 12:42

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