Reduced VAT rate on specified goods applies to bullion, precious metals, stones, and qualifying aviation fuel under UDAN. The Second Schedule to the Delhi Value Added Tax Act lists goods subject to a reduced VAT rate of 1%, specifically bullion; articles of gold, silver and precious metals including jewellery; and precious and semi-precious stones. It further provides that Aviation Turbine Fuel sold to civil aviation operators operating under the Regional Connectivity Scheme (UDAN) is subject to the reduced rate, contingent on applicability and fulfillment of the scheme's conditions.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Reduced VAT rate on specified goods applies to bullion, precious metals, stones, and qualifying aviation fuel under UDAN.
The Second Schedule to the Delhi Value Added Tax Act lists goods subject to a reduced VAT rate of 1%, specifically bullion; articles of gold, silver and precious metals including jewellery; and precious and semi-precious stones. It further provides that Aviation Turbine Fuel sold to civil aviation operators operating under the Regional Connectivity Scheme (UDAN) is subject to the reduced rate, contingent on applicability and fulfillment of the scheme's conditions.
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