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of <h1>Sellers Must Collect TCS on Total Amount Including GST Under Section 206C(1) of the Income Tax Act</h1> As per section 206C(1) of the Income Tax Act, sellers are required to collect Tax Collected at Source (TCS) from buyers at the time of debiting the amount payable or upon receipt of payment. This collection should include the total amount, encompassing VAT, excise, and GST. Therefore, TCS is to be collected on the amount inclusive of GST, ensuring compliance with the specified tax regulations.
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