GST on TCS collected under Income Tax Act
If we sell goods for Rs.200000 to a person and charge GST@ 5% . As per the provisions of income tax we will also charge TCS( Tax Collected at Source) @ 1% . Whether GST will be levied on 200000 +TCS @ 1% OR on Rs. 200000 only Value of taxable supply. Section 15(2) of… Read More »