How To Round Off The Bill Amount?


Anonymous
watch_later 3 years, 6 months ago

i want to write off the gst bill amount and net bill ?how do i do the rounding off?

  • chatComments
1 Answer

Alkesh Trivedi watch_later 3 years, 6 months ago
arrow_drop_up
0
arrow_drop_down

Section 170 of GST-Rounding off of tax, etc

The amount of tax, interest, penalty, fine or any other sum payable, and the amount of refund or any other sum due, under the provisions of this Act shall be rounded off to the nearest rupee and, for this purpose, where such amount contains a part of a rupee consisting of paise, then, if such part is fifty paise or more, it shall be increased to one rupee and if such part is less than fifty paise it shall be ignored.

  • chatComments
    i know but i want to know how to round off the gst bill under knowyourgst.com site?? - hak 5
Did Not get Answer?

Join the largest Taxation Q&A platform on internet and ASK YOUR OWN question.

Ask your Question

You need to be logged in to answer.

Ask Question