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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Rounding rules for consideration, equalisation levy, interest, penalty and refunds under Chapter VIII, paise ignored, tens applied</h1> Consideration, equalisation levy, interest, penalty, and refund amounts under Chapter VIII of the Act must be rounded to the nearest multiple of ten rupees. Paise are first ignored. If the resulting amount is not a multiple of ten, it is then adjusted: where the last digit is five or more, the amount is rounded up to the next higher multiple of ten; where the last digit is less than five, the amount is rounded down to the next lower multiple of ten. Amendments by later notification removed the restriction to 'specified services' and now apply this rule to all consideration covered by the Chapter.
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