https://www.taxtmi.com/circulars?id=61090 For valuation under GST, Tax Collected at Source (TCS) under the Income Tax Act is not includible in the value of supply because it is an interim levy on potential income rather than a tax on goods; the earlier circular's instruction to include TCS in the taxable value is withdrawn and stakeholders are asked to report implementation difficulties. en-us Mon, 11 Mar 2019 00:00:00 +0530 Thu, 23 May 2019 18:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=61090 For valuation under GST, Tax Collected at Source (TCS) under the Income Tax Act is not includible in the value of supply because it is an interim levy on potential income rather than a tax on goods; the earlier circular's instruction to include TCS in the taxable value is withdrawn and stakeholders are asked to report implementation difficulties. Circulars GST - States Mon, 11 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/circulars?id=61090