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The Maharashtra Value Added Tax Act, 2002. SCHEDULE
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SCHEDULE-B (Omitted w.e.f. 01-07-2017)

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

LIST OF GOODS FOR WHICH THE RATE OF TAX IS 1% or 1.1% or 1.2%

Note.- The abbrevation % 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 Rate of Tax
(1) (2) (3)
1 Articles made of Precious metals of fineness not less than fifty percent, whehter 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%
2 Precious metals that is to say Gold, Silver, Platinum, Osmium, Palladium, Rhodium, Ruthenium and alloys of any of them.

Explanation.- For the purposes of this entry, an alloy of precious metal means a precious metal of fineness of not less than fifty percent.

1.2%
3 Precious stones including diamonds, semi-precious stones and pearls, whether real or cultured. 1.2%
4 Hairpins, Imitation Jewellery, beads of glass, plastics or of any metal other than precious metals and parts and components thereof. 1.2%