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IndiaAuditLens Law Library

Section 170 of the CGST Act, 2017

From the IndiaAuditLens Law Library

GST›CGST Act, 2017›Chapter XXI, Miscellaneous

At a glance

Procedure, powers and definitions

  • 170Round statutory payments and refunds to the nearest rupee: increase fifty paise or more to one rupee and ignore a smaller fraction.

Amounts payable under the Act and refunds or other sums due are rounded to the nearest rupee. A fraction of fifty paise or more is rounded upward to a rupee; a smaller fraction is ignored. The rule covers tax, interest, penalty, fine and other sums, so it applies to both payment and refund amounts.[1]

Text

The text below is the section as served by the CBIC tax information portal on 17 September 2026, with the portal's own amendment footnote markers (shown as small numerals before a bracket) and its footnotes.[1] The Act as published in the Gazette of India is the legal source.

Section 170, verbatim (show)

* Section 170. 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. * Enforced w.e.f. 1st July, 2017.

Questions to answer on the file

Questions a reviewer answers from the engagement file, grouped by the part of the section they come from. They describe what the section asks; they do not decide it.

Rounding one amount 170

Questions to answer on the file4 questions
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Amendment history

The CBIC text carries 1 footnote. The table gives each in the source's own terms. Effective dates are as the footnotes state them.[1]

Amendments to section 170 as footnoted in the CBIC text
NoteEffective from
01.07.2017

Circulars and notifications

No circular or notification in the CBIC repository is recorded as citing this section.

References

  1. Central Board of Indirect Taxes and Customs. "Section 170. Rounding off of tax, etc". Central Goods and Services Tax Act, 2017, CBIC tax information portal, with amendment footnotes 1 to 1. Retrieved 17 September 2026.

External links