Tcs provisions under gst

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Kkk
1204 Points Posted on 01 October 2020
what are the tcs provisions in gst that is applicable from 1 october 2020 can any one guide
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On 01 October 2020 at 17:56 Report
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Quick Summary
This discussion clarifies the Tax Collected at Source (TCS) provisions relevant to GST, particularly those effective from 1 October 2020. It addresses the common query regarding whether TCS under Section 206C(1H) is applicable on the value inclusive of GST. The consensus and clarification confirm that TCS is indeed calculated on the total invoice value, including the GST component.

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30 Points Posted on 01 October 2020
TCS on 206C(1H) is applicable on value inclusive of GST right??
Please clarify
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On 01 October 2020 at 18:29
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GST Practitioner
55067 Points Posted on 01 October 2020
TCS Applicable from 1/10/2020 is under Income tax not under GST.
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On 01 October 2020 at 23:35
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30 Points Posted on 02 October 2020
Yes..but tcs at .1/.075% to be applied on value inclusive of GST??
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On 02 October 2020 at 11:45
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GST Practitioner
55067 Points Posted on 02 October 2020

yes its applicable after gst amount , on total invoice value .

(Refer Corrigendum to Circular no. 76/50/2018 -GST)

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On 02 October 2020 at 13:08
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Kkk
1204 Points Posted on 02 October 2020
Plz clerify it
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On 02 October 2020 at 13:57
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30 Points Posted on 02 October 2020
Ok..thank you sir
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On 02 October 2020 at 16:56
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GST Practitioner
55067 Points Posted on 15 October 2020

@ Jyoti

Taxable value. 100

GST . 12%         12

Total .            112

Now TCS Applicable on Rs 112/-

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On 15 October 2020 at 00:21

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