Online international sale of jewelry

[virendra singh]

Dear sir,

What is the liability of tax on online international sale of jewelry.as someone is the manufacturer of stone jewelry.

Kindly revert.

[YAGAY and SUN]

Dear Virendra,

Please check the RVAT Act and Rules made thereunder in this regard. If goods of precious metals/Jewellery are being sold within India then it may attract 1% VAT/CST. If such Jewellery is Artificial then rate of VAT would fall under Residuary VAT Schedule and peak rate would be applicable on such sales.

Regards,

YAGAY and SUN

(Management, Business, Indirect Tax and EXIM Consultants)

[Ganeshan Kalyani]

'International sale' do you mean to mention that you have exported the item ?

[DR.MARIAPPAN GOVINDARAJAN]

I think that the query is not clearly answered.

AI Summary

VAT treatment of jewelry sales: domestic versus export distinction governs tax liability and applicable VAT rates.
Tax liability for online sales of jewellery depends on whether the sale is domestic or export and on product classification; under the RVAT Act goods classified as precious metals/jewellery sold within India may attract VAT/CST at the concessional rate, while artificial jewellery is taxable under the residuary VAT schedule at the peak rate, and the export/domestic distinction must be clarified.