FINANCE DEPARTMENT
Mantralaya, Madam Cama Marg, Hutatma Rajguru Chowk, Mumbai 400 032,
dated the 4th April 2013.
NOTIFICATION
MAHARASHTRA VALUE ADDED TAX ACT, 2002.
No. VAT. 1513/CR 46(7)/Taxation-1.—In exercise of the powers conferred by sub-section (1) of section 9 of the Maharashtra Value Added Tax Act, 2002 (Mah. IX of 2005), the Government of Maharashtra hereby amends, SCHEDULE ‘B’ appended to the said Act, as follows, namely:
In the Maharashtra Value Added Tax Act, 2002, in SCHEDULE `B’,‑
(1) in the heading for the figure and sign “1%” the figures, word and signs “1% or 1.1%” shall be substituted;
(2) for entry 3, the following entries shall be substituted, namely :‑
| “3. Precious stones, semi-precious stones and pearls whether real or cultured but excluding those to which entry 3A of this SCHEDULE applies, when sold on or after the 1st April 2013. | 1%”; |
| “3A. Diamonds, | |
| (a) when sold during the period starting on or after the 1st April 2013 and ending on the 31st March 2014; | 1.1% |
| (b) when sold on or after the 1st April 2014. | 1.10%”. |
By order and in the name of the Governor of Maharashtra,
O.C.BHANGDIYA,
Deputy Secretary to Government.
Please confirm the VAT rate when the Gold Item sold after 1st April 2014. In Maharshtra
Please confirm the rate of Tax when diamond sale after 1st April 2014. As per original Notification it is 1% W.e.f. 1st April 2014.
Please revert if you have any Notification regarding 1.10%.