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HOW TO DISCLOSE TCS AMOUNT IN GSTR1, Goods and Services Tax - GST

Issue Id: - 117207
Dated: 9-5-2021
By:- SANJEEV JADHAV
HOW TO DISCLOSE TCS AMOUNT IN GSTR1

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Dear Experts, From 1st of April 2021 we have started to charge TCS @ 0.1% in invoice. (Earlier we are issuing debit notes for TCS, but it is noticed that may customers are not booking debit notes in their accounts) and now we are charging the same in invoice. Suppose if our invoice figures are as per below:-

Taxable amount is ₹ 100000/-

GST 18% 18000/-

Total Amount 118000/-

TCS @ 0.1% 118/-

Total invoice Amt. 118118/-

In GSTR-1, their is no any separate column to show TCS amount. Which amount is required to be shown in GSTR-1 as Invoice total amount (₹ 118000/- or ₹ 118118/-) . If we shown 118118/- as per invoice total, then gross total in GSTR-1 will mismatch as we are not showing TCS in GSTR-1 and vice versa if we show 118000/- then it will be mismatch to customers at the time of ITC reconsilation. Can you please inform your suggestion in this regard.

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Showing Replies 1 to 8 of 8 Records

1 Dated: 9-5-2021
By:- Rajagopalan Ranganathan

Sir,

You are required to file GSTR-8 under rule 67 (1) of CGST Rules, 2017. In this return Columns 4 to 7 are the relevant for indicating tax collected at source (TCS).


2 Dated: 9-5-2021
By:- SANJEEV JADHAV

Dear Sir, We are collecting TCS as per Section 206C (1H) of Finance Act 2020.


3 Dated: 9-5-2021
By:- Rajagopalan Ranganathan

Sir,

You are collecting TCS under Income Tax Act. In my opinion this need not be shown in GSTR-1. You have to indicate only ₹ 18,000/- as gst liable to be paid in GSTR-1


4 Dated: 10-5-2021
By:- Ganeshan Kalyani

Show ₹ 118118/- under invoice value.


5 Dated: 10-5-2021
By:- Alfred avinash

Dear Sanjeev,

The invoice value including TCS to be shown in GSTR 1


6 Dated: 11-5-2021
By:- Rajagopalan Ranganathan

sir,

The gst is payable on 118118.


7 Dated: 12-5-2021
By:- shwetal oswal

Respected Sanjeev Sir,

You have to show total Invoice Value as ₹ 118118/- even though Total of Taxable Value + GST will be ₹ 118000/-.

There will be no mismatch during re-conciliation.


8 Dated: 12-5-2021
By:- SANJEEV JADHAV

Dear All Experts, Noted and Thanks you for your valuable suggestion.


1

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