TCS Regarding

Good Evening,
Please Clarify About TCS On Taxable Amount Or On Total Invoice Amount
Replies (5)
Quick Summary
This discussion seeks clarification on whether Tax Collected at Source (TCS) is calculated on the taxable amount or the total invoice value. The consensus leans towards TCS being applied to the total invoice amount, particularly when consideration is received. There's a suggestion that implementing TCS from 1st April 2021 would be more convenient for businesses, allowing the E-way bill to be issued for the total invoice, with TCS entered under a separate 'others' tab.

Total invoice value
Yes it's on invoice amount, but Applicable when consideration is received
If , we will issue the Eway bill for total invoice bill, or before TCS calculated value..

I THINK, GOVERNMENT SHOULD APPLY 1-4-2021 SO IT IS VERY CONVENIENT ALL BUSINESS PERSON

need to issue eway on total invoice bill , put the TCS amount in Tab others

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