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Mvat

Mahavat 462 views 1 replies

Bhavesh

Accounts

899 Points Joined May 2010

The Recent Notification in Amendment of Schedule B (Diamond) of MVAT regarding charges of VAT @ 1.1% instead of 1% w.e.f. from 01-04-2013. Is this applicable to Jewellery also. I am attaching the Amended letter

Attached File : 392921 1159935 notification in mvat schedule b.pdf downloaded: 115 times

Replies (1)

MJ Krishnamurthy

ACCT(Retd)

7197 Points Joined July 2010

The change in rate is on items mentioned in entry no 3(Diamonds etc) only ,not entries 1 &2. therefore there is mno increase for jewellery of noble metals with or without precious ,semiprecious or cultured stones.......mjk.