https://www.taxtmi.com/circulars?id=60783 The Commissioner clarifies that Tax Collected at Source (TCS) under the Income Tax Act is an interim levy on potential income and not a tax on goods; therefore TCS is not includible in the value of supply for GST valuation despite prior guidance referencing inclusion of taxes and charges. en-us Thu, 02 May 2019 00:00:00 +0530 Sat, 04 May 2019 16:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=60783 The Commissioner clarifies that Tax Collected at Source (TCS) under the Income Tax Act is an interim levy on potential income and not a tax on goods; therefore TCS is not includible in the value of supply for GST valuation despite prior guidance referencing inclusion of taxes and charges. Circulars GST - States Thu, 02 May 2019 00:00:00 +0530 https://www.taxtmi.com/circulars?id=60783