Is 11 rupees round off allowed in gst ?
Round off rule
(Guest)
4 Replies
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 20 July 2021
No.....
In term of Section 170 of CGST Act , the rounding off can be upto the nearest rupee. ,where such amount contains a part of rupee consisting of paise, then ,of such part is fifty paise or more , it's shall be one rupee & if such part is less then 50 paise it shall be ignored
In term of Section 170 of CGST Act , the rounding off can be upto the nearest rupee. ,where such amount contains a part of rupee consisting of paise, then ,of such part is fifty paise or more , it's shall be one rupee & if such part is less then 50 paise it shall be ignored
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 21 July 2021
You can round off to nearest rupee only
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 21 July 2021
Rounded off to the nearest rupee
yasaswi gomes
(My grammar is 💯 good I)
(7290 Points)
Replied 25 July 2021
Only threshold prices are rounded
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