TCS on GST ..
nayab (Sr.Officer Accounts ) (250 Points)
12 February 2019(Machine value + GST ) = 54 Lakhs
now he add the TCS on 54 lakhs ..
my doubt is TCS applicable With GST ?
CA Varun Khasia
(CA)
(198 Points)
Replied 12 February 2019
As per the recent circular of CBIC, GST should be charged on Basic value plus TCS collected on it.