Ideas

Procurement| Difference in GRC and PI charge amount

Reference Ticket Id: https://care.ginesys.in/a/tickets/268588

Module : Procurement > GRC and PI

Requirement: Difference in charge amount in GRC and PI amounting to Rs. 1 to 2 paisa due to round off

Analysis:
In GRC,
Charges are normal round to Rupee upto 2 decimal places and In PI, total Charge is calculated on gross amount and difference if any on round is adjusted in the last row of the charge.

Eg: Gross amount is 100, CGST and SGST is 5.246% each thus Rs. 5.246 each.

Thus In GRC,
Gross Amount Rs. 100
Charge: CGST Rs. 5.25 (round from Rs. 5.246)
Charge: SGST Rs. 5.25(round from Rs. 5.246)
Total GST : 10.50

Thus In PI,
Gross Amount Rs. 100
Charge: CGST Rs. 5.25(round from Rs. 5.246)
Charge: SGST Rs. 5.24 (10.49-5.25)
Logic is 5.246% of 100 each CGST and SGST amounting to total Rs. 10.492 (5.246+5.246), thus CGST as 5.25 and SGST as 10.492-5.25 = 5.24
Total GST : 10.49

  • Product Team
  • Jan 29 2024
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