FINANCE DEPARTMENT
Mantralaya, Madam Cama Marg, Hutatma Rajguru Chowk, Mumbai 400 032, dated the 4th April 2013.
NOTIFICATION
MAHARASHTRA VALUE ADDED TAXACT, 2002.
No. VAT. 1513/CR 46(7)/Taxation-1.”Inexercise of the powers conferred by sub-section (1) of section 9 of theMaharashtra Value Added Tax Act, 2002 (Mah. IX of 2005), the Government ofMaharashtra 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.
