Rounding up of tax [Section 170] - GST Ready Reckoner - GST

Rounding up of tax Amounts covered The principle of rounding off laid out in section 170 applies to: tax interest penalty fine any other sum payable under the provisions of the Act refund any other sum due under the provisions of the Act. Rounding off principle Amount contains part of a rupee consisting of paise, and such part is fifty paise or more Increase to one rupee Amount contains part of a rupee consisting of paise, and such part is less than fifty paise Ignore such part