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what is rate of vat on gold ?
and what is the rate of tax applicalbe on sale of gold in
case of interstate sale ?
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Answer Posted / manikprabhu s uttarwar
VAT Rate applicable on Gold in Maharashtra State is 1.00%.
In case of interstate sale please ensure that you are not showing on invoice that "Sales Against form "C" " and buyer is also not issuing form "C" to you then in absence of form "C" CST Rate applicable to VAT rate prevailing to selling State i.e. if Sales is made from Maharashtra then Maharashtra VAT Rate which is 1.00% in case of Gold.
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