https://www.taxtmi.com/circulars?id=60920 TCS under the Income Tax Act is not to be included in the taxable value of supply for GST because it is an interim levy not having the character of a tax; the corrigendum replaces the prior clarification that had treated TCS as part of the value payable to the supplier, affirming that TCS would not be includible in the determination of value of supply under GST. en-us Tue, 12 Mar 2019 00:00:00 +0530 Mon, 13 May 2019 12:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=60920 TCS under the Income Tax Act is not to be included in the taxable value of supply for GST because it is an interim levy not having the character of a tax; the corrigendum replaces the prior clarification that had treated TCS as part of the value payable to the supplier, affirming that TCS would not be includible in the determination of value of supply under GST. Circulars GST - States Tue, 12 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/circulars?id=60920