ROUNDING OFF OF TAX ETC. [SECTION 170 OF THE CGST ACT, 2017] - Handbook of GST Law & Procedures (CBIC) [October 2024] - GST

27. ROUNDING OFF OF TAX ETC. [SECTION 170 OF THE CGST ACT, 2017] 27.1. The principle of rounding off laid out in Section 170 of the CGST Act, 2017 applies to tax, interest, penalty, fine, any other sum payable under the provisions of the Act, refund and any other sum due under the provisions of the Act. 27.2. If the amount contains part of a rupee consisting of paise, and such part is fifty paise or more then increase to one rupee. Amount contains part of a rupee consisting of paise, and such part is less than fifty paise then such amount has to be ignored.