TaxTMI 
TaxTMI 
TaxTMI 
Dear Experts,
In our GSTR-1 should we include TCS value in the Value column of GSTR-1?
Regards,
S Ram
TCS value to be disclosed or not ?
Ramanathan Seshan
Tax Collected at Source Must Be Reported Separately in GSTR-1 and GSTR-8 Under GST Circular 76/50/2018 A discussion forum explores the treatment of Tax Collected at Source (TCS) in GST reporting. According to Board Circular No. 76/50/2018-GST, TCS value should not be included in the GSTR-1 Value column. Instead, suppliers should report the gross transaction value excluding TCS, while e-commerce operators report TCS separately in GSTR-8. This ensures accurate tax reporting and prevents duplicate value representation. (AI Summary)