https://www.taxtmi.com/circulars?id=60109 Corrigendum clarifies that Tax Collected at Source (TCS) under the Income Tax Act is an interim levy not having the character of a tax and therefore would not be includible in the taxable value of supply for GST, notwithstanding the general principle in Section 15(2) that the value of supply includes taxes or charges levied under other laws if charged separately. Trade notices are requested and implementation difficulties should be reported to the Board. en-us Thu, 07 Mar 2019 00:00:00 +0530 Fri, 08 Mar 2019 15:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=60109 Corrigendum clarifies that Tax Collected at Source (TCS) under the Income Tax Act is an interim levy not having the character of a tax and therefore would not be includible in the taxable value of supply for GST, notwithstanding the general principle in Section 15(2) that the value of supply includes taxes or charges levied under other laws if charged separately. Trade notices are requested and implementation difficulties should be reported to the Board. Circulars GST Thu, 07 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/circulars?id=60109