Rounding of tax amounts to the nearest rupee applies a threshold to determine whether amounts are rounded up or ignored. Monetary obligations and entitlements under the Act are adjusted to the nearest rupee; fractional rupee parts in paise are compared to a threshold and ... Summary
Rounding of tax amounts to the nearest rupee applies a threshold to determine whether amounts are rounded up or ignored.
Monetary obligations and entitlements under the Act are adjusted to the nearest rupee; fractional rupee parts in paise are compared to a threshold and either raised to the next rupee if meeting or exceeding the threshold, or ignored if below it, governing calculation of tax liabilities and refunds for GST compliance.
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