Round off rule

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Is 11 rupees round off allowed in gst ? 

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On 20 July 2021 at 22:25 Report
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The discussion clarifies that rounding off to the nearest rupee is permitted under Section 170 of the CGST Act. If the amount includes paise, amounts of 50 paise or more are rounded up to the nearest rupee, while amounts less than 50 paise are ignored. Therefore, rounding off 11 rupees specifically is allowed as long as it adheres to this rule of rounding to the nearest whole rupee.

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GST Practitioner
55067 Points Posted on 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
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On 20 July 2021 at 23:33
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Chartered Accountant
86505 Points Posted on 21 July 2021
You can round off to nearest rupee only
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On 21 July 2021 at 08:24
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Chartered Accountant
24588 Points Posted on 21 July 2021
Rounded off to the nearest rupee
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On 21 July 2021 at 10:10
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My grammar is 💯 good I
7306 Points Posted on 25 July 2021

Only threshold prices are rounded 

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On 25 July 2021 at 11:09

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