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        GST

        Section 170 - Rounding off of tax, etc.

        Central Goods And Services Tax Act, 2017
        Chapter XXI
        MISCELLANEOUS

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        Rounding off of tax and refunds under GST requires amounts to be adjusted to the nearest rupee using the fifty paise rule. The GST law requires tax, interest, penalty, fine, refund, or any other sum payable or due under the Act to be rounded off to the nearest rupee. If the fraction of a rupee is fifty paise or more, it is increased to one rupee; if it is less than fifty paise, it is ignored.
                        Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                        Provisions expressly mentioned in the judgment/order text.

                            Rounding off of tax and refunds under GST requires amounts to be adjusted to the nearest rupee using the fifty paise rule.

                            The GST law requires tax, interest, penalty, fine, refund, or any other sum payable or due under the Act to be rounded off to the nearest rupee. If the fraction of a rupee is fifty paise or more, it is increased to one rupee; if it is less than fifty paise, it is ignored.


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