State with reasons whether the following statements are true or false under GST Law: TCS is not required to be collected on supplies on which the recipient is liable to pay tax on Reverse charge basis.

True. TCS is not required to be collected when the recipient is required to pay tax on Reverse charge basis as according to the explanation to section 52 of Central Goods and Services Tax Act, 2017 the expression net value of taxable supplies or when TCS is to be collected shall means the aggregate value of taxable supplies of goods or services or both other than services notified under section 9(5) made during any month by the registered person through the operator as reduced by aggregate value of taxable supplies returned to the supplies during the said month.