Section 170 CGST Billl 2017 Archives - Tax Heal https://www.taxheal.com/tag/section-170-cgst-billl-2017 Complete Guide for Income Tax and GST in India Mon, 10 Apr 2017 14:56:39 +0000 en-US hourly 1 https://wordpress.org/?v=7.0.1 170 Rounding off of tax, etc – CGST Billl 2017 https://www.taxheal.com/170-rounding-off-tax-etc-cgst-billl-2017.html https://www.taxheal.com/170-rounding-off-tax-etc-cgst-billl-2017.html#respond Mon, 10 Apr 2017 14:56:39 +0000 http://taxheal.com/?p=25437 CGST Billl 2017 AS INTRODUCED IN LOK SABHA Bill No. 57 of 2017 THE CENTRAL GOODS AND SERVICES TAX BILL, 2017 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… Read More »

]]> CGST Billl 2017

AS INTRODUCED IN LOK SABHA
Bill No. 57 of 2017

THE CENTRAL GOODS AND SERVICES TAX BILL, 2017

Rounding off of tax, etc.

  1. 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.

 

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