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No. FD 197 CSL 2005(4) Bangalore, Dated 30.04.2005
In exercise of the powers conferred by sub-section (3) of Section 4 of the Karnataka Value Added Tax Act, 2003 (Karnataka Act 32 of 2004), the Government of Karnataka hereby reduces with effect from the first day of May, 2005, the tax payable by a dealer under the said Act to one per cent on the sale of precious and semi-precious stones.
Note: This notification rescinded by Notification No. FD 116 CSL 2006(4), dated 31-03-2006, w.e.f. 1-4-2006
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