banner_ad

GST on TCS

Others 306 views 5 replies
General Information for All where a registered person is collecting TCS as per Income Tax Act


As per recently released circular by the GST department, GST is to be levied on the value including such TCS

The earlier practice was that VAT is charged on the basic value and TCS was charged on Basic Value plus VAT

But, now TCS will be charged on Basic Value and GST shall be charged on Basic Value plus TCS
Replies (5)
Tqsm pankaj sir for information
Its already implemented from oct18.

Thanks u Pankaj ji for the updates.
No dear it's being mention in circular 76/50/2018, Dt.31/12/2018
my question is that section 15(2) says, any taxes, duties,cesses,fees and charges "levied" under any law other than gst shall be included for the purpose of valuation for charging gst.......tcs under income tax is a tax collected and not levied....plus it is not levied on the supplier but on the buyer
whar do you want to state ,.....the circular mentiion above is wrongly issued.......!!!!!


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
07 June 2026
Tax Associate

Rajkumar Jain & Co.

Ahmedabad

Graduate (Any)

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
14 May 2026
ICSI Trainees for 21 Months and Semi-Qualified CS

CMNITY HIRE

New Delhi

Others

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details