In case we need to charge TCS @ 0.10% in invoice, invoice value will be as follow:
for e.g.
Taxable Value - 10000
gst @ 18% -1800
tcs (11800*0.1%) -12
Total invoice value - 11812
and while filing GSTR 1, I normally seen, we report taxable value as Rs. 10000, gst as Rs. 1800 and invoice value Rs. 11812, due to which mismatch in return arises.
In my opinion, we should report total invoice value as Rs. 11800 for the purpose of GST.
Which treatment is correct?
CAclubindia
