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Invoice Value for GSTR1 to include TCS ?
Posted by: sethvinaykr on 10/11/2020 3:42 PM
Post introduction of TCS on Sales Invoices there are mixed views about Total Invoice Value to be declared for GSTR1 return. As per the difference in Direct and Indirect Taxation, I am of the view that the total Invoice Value should comprise of Basic amount of Sales + GST only. However, many of are the view that the total Invoice Value must include TCS amount also. As TCS is a Direct Tax, it cannot be included to the Invoice value to be declared in GSTR1.
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