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of <h1>Section 160 of Model GST Law: Tax and refund amounts to be rounded to the nearest rupee for uniformity.</h1> The Model GST Law's Section 160 mandates that any tax, interest, penalty, fine, or refund amount under the Act must be rounded to the nearest rupee. If the amount includes paise, it will be rounded up to the next rupee if it is fifty paise or more. If it is less than fifty paise, it will be ignored. This provision ensures uniformity in financial transactions related to tax payments and refunds.
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