State Act
32
Section 32. Rounding off of the Amount of Tax or Penalty
Jharkhand Value Added Tax Act, 2005
Act no. 5 of 20062006In forceJharkhand (State Act)
32. Rounding off of the Amount of Tax or Penalty — The amount of tax or penalty payable or refundable for any period under the provisions of this Act shall be rounded off to the nearest rupee and, for this purpose, where such amount contains a part of a rupee, 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.