Silver items
This query is : Resolved
Piyush Newar
(Querist)
07 August 2011
What are the latest VAT rates on Silver? Any changes to 1% rate?
Is the making charges for silver plates liable to VAT @ 1 %?
Is the making charges for silver plates liable to VAT @ 1 %?
MJ Krishnamurthy
(Expert)
09 August 2011
Mr P Newar,
VAT rate on silver metal(bullion) remains at 1% only. Making charges for any article of silver is labour charges only,and therefore not taxable.But any articles made of silver is chargeable with 2% VAT.
MJK
VAT rate on silver metal(bullion) remains at 1% only. Making charges for any article of silver is labour charges only,and therefore not taxable.But any articles made of silver is chargeable with 2% VAT.
MJK
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