Round off value for purchase

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

15 November 2017 DEAR SIR,

IF I PURCHASE ONE ITEM OF 8811.65+150=8961.65/- AND GST(SGST 1254.63/-, CGST 1254.63/-) NOW 0.09 PAISA JADA AA RAHA JO MEINE ROUNDOFF MEIN DALA TAB YEH ROUND OFF VALUE GST FILLING KE TIME KAHA DALTE HAI.

Amol S Joglekar

Amol S Joglekar (Expert)
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15 November 2017 you only make an account in your books of accounts named and styled as "rounding off difference"
the difference in the sgst, cgst, igst etc should be transferred to this account. Please note the difference should be in favour of revenue and not you.