74.
Rounding
off of tax etc.
The
amount of tax, input tax, output tax, net tax, interest, penalty, or any other
sum and the amount of refund due under the provisions of the Act, shall be
rounded off to the nearest rupee and for this purpose, if such amount is fifty
paise or more it shall be increased to the next rupee and if such amount is less
than fifty paise, it shall be ignored.