Rounding rules require amounts be rounded to the nearest whole unit under VAT regulations for calculation purposes. Where a computed amount under the Act or the Rules is not an exact whole rupee, the amount must be rounded to the nearest rupee for VAT calculation, ... Summary
Rounding rules require amounts be rounded to the nearest whole unit under VAT regulations for calculation purposes.
Where a computed amount under the Act or the Rules is not an exact whole rupee, the amount must be rounded to the nearest rupee for VAT calculation, thereby standardising fractional monetary results arising from statutory or regulatory computations.
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