TCS on GST included value or excluded value?

[CA-Gourav Garg]

Dear All,

My query is TCS@1% to be collected on sale value included GST or excluded GST?

For Eg.

Sale Value is ₹ 100/-

IGST @18% Rs. 18/-

Total Rs. 118/-

Now TCS @ 1% on which value, whether 100/- or 118/-?

Please provide solution with notification no. or any other documentary evidence.

AI Summary

Tax Collected at Source obligations on sale of goods and services impose collection on sale value with defined scope and compliance.
Section 206C of the Income Tax Act prescribes TCS obligations on sellers of specified goods and on certain high value receipts, with collection required at the time of debiting the buyer's account or on receipt of payment. The provision identifies categories of goods (including scrap) attracting TCS, sets the procedural framework for seller and buyer roles, allows buyers to seek lower collection certificates via Form 13, permits exemption for purchasers supplying Form 27C, and requires collectors to file returns and issue certificates, with interest applicable for late collection or deposit.