Rounding of tax: fractional paise are rounded up or disregarded under Section 170 of the CGST Act. Section 170 of the CGST Act, 2017 prescribes a rounding principle for all sums under the Act, covering tax, interest, penalty, fine, refunds and other amounts payable or refundable. Fractional parts of a rupee comprising paise at or above the midpoint are increased to the next rupee, while fractional parts below the midpoint are ignored, thereby standardising calculation and settlement of monetary obligations and entitlements under GST.
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 of tax: fractional paise are rounded up or disregarded under Section 170 of the CGST Act.
Section 170 of the CGST Act, 2017 prescribes a rounding principle for all sums under the Act, covering tax, interest, penalty, fine, refunds and other amounts payable or refundable. Fractional parts of a rupee comprising paise at or above the midpoint are increased to the next rupee, while fractional parts below the midpoint are ignored, thereby standardising calculation and settlement of monetary obligations and entitlements under GST.
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