SERVICE TAX TRADE NOTICE NO.13/2003        Dated: 27/05/2003

                 Sub: Service Tax - Rounding of Service Tax to the multiples of a

                          Rupee - regarding..

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         A copy of Central Board of Excise and Customs’s Service Tax Circular No. 53/2/2003 dated 27.3.2003 (F.No.137/11/2003 CX.4) on the above subject is communicated herewith for information and necessary action.

                                                                                        Sd/-

(V.V.HARIHARAN)

 COMMISSIONER

 

To

ST Circular 53/2/2003

F.No.137/11/2003 CX.4
Government of India
Ministry of Finance & Company Affairs
Department of Revenue
Central Board of Excise & Customs
…..
New Delhi, dated 27.3.2003

 Subject:- Rounding of Service Tax to the multiples of a Rupee.

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Instances have come to the notice of Board with regard to difficulties being faced by the Field Formations/Service Providers in collecting/paying the service tax in amounts less than a rupee or in multiple thereof.

 

Attention is invited to the provisions of Section 37-D of the Central Excise Act, 1944 which has been made applicable to Service Tax Law by virtue of
Section 83 of Finance Act, 1994 (as amended), provided that the amount of service tax, interest, penalty,fine or any other sum payable and the amount of refund
or any other sum due, under the provisions shall be rounded off to the nearest rupee and, for this 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.

Sd/-

( Manish Mohan)

Under Secretary to the Govt. of India

Tel. No.23094558