Section 9B
Rounding off of tax, etc.
The Central Sales Tax Act, 1956
About this Act
An Act to formulate principles for determining when a sale or purchase of goods takes place in the course of inter-State trade or commerce or outside a State or in the course of import into or export from India, to provide for the levy, collection and distribution of taxes on sales of goods in the course of inter-State trade or commerce and to declare certain goods to be of special importance in inter-State trade or commerce and specify the restrictions and conditions to which State laws imposing taxes on the sale or purchase of such goods of special importance shall be subject.
1[9B. Rounding off of tax, etc.--The amount of tax, penalty, fine or any other sum payable, and the
amount of refund due, under the provisions of this Act shall be rounded off to the nearest rupees and, for
the purpose, where such amount contains a part of a rupee consisting of paise, then, if such part is fifty
paise or more, it shall be increased to one rupee and if such part is less than fifty paise, it shall be ignored:
Provided that nothing in this section shall apply for the purpose of collection by a dealer of any amount by way of tax under this Act in respect of any sale by him of goods in the course of inter-State trade or commerce.]
Provided that nothing in this section shall apply for the purpose of collection by a dealer of any amount by way of tax under this Act in respect of any sale by him of goods in the course of inter-State trade or commerce.]
Notes
1. Ins. by Act 61 of 1972, s. 7 (w.e.f. 1-4-1973).