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of <h1>Section 9B: Rounding Off Taxes, Interest, Penalties, and Refunds to Nearest Rupee Since April 1973</h1> Section 9B of the Central Sales Tax Act, 1956, mandates the rounding off of any tax, interest, penalty, fine, or refund amounts to the nearest rupee. If the amount includes paise, it is rounded up to one rupee if it is fifty paise or more, and ignored if less. This rounding rule does not apply to the collection of taxes by dealers for inter-State sales. This provision was introduced by an amendment effective from April 1, 1973.
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