MVAT Rate Schedule B – List of the Goods which the rate of tax is 1% or 1.10%

by

SCHEDULE B

[See sections 2(26), 5 and 6]

(From 1.4.2005 to date)

LIST OF GOODS FOR WHICH THE RATE OF TAX IS (1%, 1.1% or 1.2%)
Note – The abbreviation ? ”%” in relation to the rate of tax indicates that tax on goods to which the entry relates shall be charged on the basis of the sale price, the tax being equal to such percentage of the sale price as is indicated against the respective goods.
Sr. No. Name of the commodity

Conditions

And

exceptions

Rate of Tax

 

with effect

from
(1) (2) (3) (4) (5)
1 Articles made of precious metals of fineness not less than fifty percent, whether or not containing precious stones, semi precious stones, diamonds or pearls whether real or cultured. – 1%

1.4.2005 to

31.1.2008
1 Articles made of precious metals of fineness not less than fifty percent, whether or not containing precious stones, semi precious stones, diamonds or pearls whether real or cultured and to which entry 105 in Schedule ?C‘ does not apply. –

1%

 

1.2.2008 to

31.3.2013
1 Articles made of precious metals of fineness not less than fifty percent, whether or not containing precious stones, semi precious stones, diamonds or pearls whether real or cultured and to which entry 105 in Schedule ?C‘ does not apply but excluding industrial goods and industrial tools to which entry 53A of Schedule “C” applies sold during the period starting on or after the 1st April, 2013 and ending on the 31st March, 2014 – 1.1%

1.4.2013 to

31.3.2014
1 Articles made of precious metals of fineness not less than fifty percent, whether or not containing precious stones, semi precious stones, diamonds or pearls whether real or cultured and to which entry 105 in Schedule ?C‘ does not apply but excluding industrial goods and industrial tools to which entry 53A of Schedule “C” applies.(****)

–

 

 1%

1.4.2014 to

30.9.2015
1 Articles made of precious metals of fineness not less than fifty per cent, whether or not containing precious stones, semi precious stones, diamonds or pearls whether real or cultured and to which entry 105 in Schedule ‘C’ does not apply but excluding industrial goods and industrial tools to which entry 53A of Schedule “C” applies.(****)   1.2% 1.10.2015 to date

2

 

 Precious metals that is to say Gold, Silver, Platinum, Osmium, Palladium, Rhodium, Ruthenium and alloys of any of them . – 1% 1.4.2005 to 31.3.2013
Explanation: For the purposes of this entry an alloy of precious metal means a precious metal of fineness of not less than fifty percent.

2

 

 Precious metals that is to say Gold, Silver, Platinum, Osmium, Palladium, Rhodium, Ruthenium and alloys of any of them sold during the period starting on or after the 1st April 2013 and ending on the 31st March 2014

–

 

1.1%

 

1.4.2013 to 31.3.2014

 
Explanation: For the purposes of this entry an alloy of precious metal means a precious metal of fineness of not less than fifty per cent.

2

 

 Precious metals that is to say Gold, Silver, Platinum, Osmium, Palladium, Rhodium, Ruthenium and alloys of any of them.(****)  

1%

 

1.4.2014 to 30.9.2015

 
Explanation: For the purposes of this entry an alloy of precious metal means a precious metal of fineness of not less than fifty per cent.

2

 

 Precious metals that is to say Gold, Silver, Platinum, Osmium, Palladium, Rhodium, Ruthenium and alloys of any of them.(****)  

1.2%

 

1.10.2015 to date

 
Explanation: For the purposes of this entry an alloy of precious metal means a precious metal of fineness of not less than fifty per cent.
3 Precious Stones including diamonds, semi precious stones and pearls whether real or cultured

–

 

1%

 

1.4.2005 to 31.3.2013

 

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%

 

1.4.2013 to 30.9.2015

 

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%

 

 1.4.2013 to 31.3.2014
(b) when sold on or after the 1st April 2014. – 1% 1.4.2014 to 30.9.2015

3

 

 Precious Stones including diamonds, semi precious stones and pearls whether real or cultured.  

1.2%

 

1.10.2015 to date

 

4

 

Imitation jewellery, beads of glass, plastic or of any metal other than precious metals parts and components thereof.

 

–

 

1%

 

1.7.2009 to 30.4.2010

 

4

 

Hairpins, Imitation Jewellery, beads of glass, plastics or of any metal other than precious metals and parts and components thereof.

 

–

 

1%

 

1.5.2010 to 30.9.2015

 

4

 

Hairpins, Imitation Jewellery, beads of glass, plastics or of any metal other than precious metals and parts and components thereof.

 

    

1.2%

 

1.10.2015 to date

 
        

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1 thought on “MVAT Rate Schedule B – List of the Goods which the rate of tax is 1% or 1.10%”

  1. IF Hairpins, Imitation Jewellery, beads of glass, plastics or of any metal other than precious metals and parts and components thereof. SALE TO GUJARAT WILL DEMAND FOR” C” FORM OR NOT

    Reply

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