Rate of tax on gold and silver jewellery
Uttam Kumar (13 Points)
12 April 2017
Rate of tax on gold and silver jewellery will be at % (last minimum rate) or council has any power to reduce ?
2 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177726 Points)
Replied 12 April 2017
Council has power to reduce or even increase any rates at any time.
Rajesh Kumar
(Advocate- Tax)
(7806 Points)
Replied 12 April 2017
Jewellery sector is expected to be taxed at a lowe rate ( @ 5%). Even this rate is likely to be very high for jewellery sector. Let us see what provisions are made in the tariff.
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