1% Vat payable on Devotional images made of gold under MVAT Act, 2002

Pranda Jewelry Pvt. Ltd. Vs. State of Maharashtra (Maharashtra Sales Tax Tribunal)

Maharashtra Sales Tax Tribunal Mumbai holds devotional images made out of gold to be taxable at the rate of 1% under MVAT Act, 2002 by referring to HSN, commercial parlance test, laboratory reports and dictionary meaning to decide the meaning of the word fineness under Schedule Entry B-1 of the MVAT Act, 2002.

FULL TEXT OF THE ORDER OF MAHARASHTRA SALES TAX TRIBUNAL

1. The present appeals are preferred by the Appellant for the Period 2010-11 under the Maharashtra Value Added Tax Act, 2002 (MVAT Act) and the Central Sales Tax Act, 1956 (CST Act) against the Order passed by the Deputy Commissioner of Sales Tax, (Appeals- III), Mumbai who has dismissed the appeals by confirming the Assessment Order dated 30/10/2017.

Facts of the case  :

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