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Silver items

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(Querist)
07 August 2011 What are the latest VAT rates on Silver? Any changes to 1% rate?

Is the making charges for silver plates liable to VAT @ 1 %?
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MJ Krishnamurthy

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MJ Krishnamurthy (Expert)
09 August 2011 Mr P Newar,
VAT rate on silver metal(bullion) remains at 1% only. Making charges for any article of silver is labour charges only,and therefore not taxable.But any articles made of silver is chargeable with 2% VAT.
MJK

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