Rounding off: equalisation levy and related amounts must be rounded to the prescribed nearest multiple, ignoring subunit fractions. Rule 3 prescribes the rounding off mechanism for amounts under Chapter VIII: consideration, equalisation levy, interest, penalty and refunds. Paise are ... Summary
Rounding off: equalisation levy and related amounts must be rounded to the prescribed nearest multiple, ignoring subunit fractions.
Rule 3 prescribes the rounding off mechanism for amounts under Chapter VIII: consideration, equalisation levy, interest, penalty and refunds. Paise are ignored and amounts are adjusted to the nearest multiple of ten rupees by increasing when the last digit is five or more and decreasing when it is less than five.
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