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Deduction of TCS u/s 206C(1H) w.e.f. 01-10-2020

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(Querist)
01 September 2020 Respected Experts,

We are manufacturer and our turnover is around 250 Cr. and we are liable to collect Tax at
source u/s 206C(1H) w.e.f. 01-10-2020. But we are confused on what value we should collect
tax either on Taxable Value or Invoice Value (Included GST).

Kindly clear this query.

Regards,

Rakesh Sharma
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Rakesh Sharma

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Rakesh Sharma (Querist)
01 September 2020 One more point in this query is that should we collect tax by mentioning in Tax Invoice.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
01 September 2020 TCS to be levied on invoice value including GST.

Inference - Vinod Rathore V UOI (2005) 278 ITR 122( MP).
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