Taxable value for the purposes of GST shall include the TCS amount collected under the provisions of the Income Tax Act

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Taxable value for the purposes of GST shall include the TCS amount collected under the provisions of the Income Tax Act 

 

According to this, It is clarified that as per the above provisions, taxable value for the purposes of GST shall include the TCS amount collected under the provisions of the Income Tax Act since the value to be paid to the supplier by the buyer is inclusive of the said TCS. 

 

Taxable value for the purposes of GST shall include the TCS amount collected under the provisions of the Income Tax Act
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