Corrigendum to Circular No. 38/2018-19 - GST dated 15th January 2019.

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....O CIRCULAR NO. 38/2018-19 - GST Subject: Corrigendum to Circular No. 38/2018-19 - GST dated 15th January 2019. Vide serial number 5 of Circular No. 38/2018-19 - GST dated 15^th January, 2019, it was clarified that the taxable value for the purposes of GST shall include the Tax Collected at Source (TCS) amount collected under the provisions of the Income Tax Act, as the value to be paid to th....

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....ply shall include "any taxes, duties cesses, fees and charges levied under any law for the time being in force other than this Act, the SGST Act, the UTGST Act and the GST (Compensation to States) Act, if  charged separately by the supplier." 2. It is clarified that as per the above provisions, taxable value for the purposes of GST shall include the TCS amount collected under the provision....