A Comprehensive Guide to File GSTR-9
20 Jan, 2025
By Online Legal India
Published On 20 Jan 2025
Category GST
Chapter 71 of the HSN Code in GST covers precious metals, stones, and jewelry, including gold, silver, diamonds, and pearls. Understanding the HSN codes and applicable GST rates is essential for businesses dealing with these items. Accurate classification ensures smooth GST registration, compliance, and proper tax filings, helping businesses avoid penalties.
| Rates (%) | Products Description | HSN Codes | Export and Import HSN codes |
|---|---|---|---|
| 3 | Pearls, natural or cultured, whether or not worked or graded but not strung, mounted or set; pearls, natural or cultured, temporarily strung for convenience of transport | 7101 | 71011010, 71011020, 71012100, 71012200 |
| 3 | Semi-precious stones, whether or not worked or graded but not strung, mounted or set; semi-precious stones, temporarily strung for convenience of transport [other than Unworked or simply sawn or roughly shaped] | 7103 | 71031011, 71031012, 71031019, 71031021, 71031022, 71031023, 71031024, 71031029, 71039100, 71039910, 71039920, 71039930, 71039940, 71039990 |
| 3 | Synthetic or reconstructed semi-precious stones, whether or not worked or graded but not strung, mounted or set; ungraded synthetic or reconstructed semi-precious stones, temporarily strung for convenience of transport [other than Unworked or simply sawn or roughly shaped] | 7104 | 71041000, 71042000, 7104900 |
| 3 | Dust and powder of natural or synthetic precious or semi-precious stones | 7105 | 71051000, 71059000 |
| 3 | Silver (including silver plated with gold or platinum), unwrought or in semi-manufactured forms, or in powder form | 7106 | 71061000, 71069100, 71069210, 71069290 |
| 3 | Base metals clad with silver, not further worked than semi-manufactured | 7107 | – |
| 3 | Gold (including gold plated with platinum) unwrought or in semi-manufactured forms, or in powder form | 7108 | 71081100, 71081200, 71081300, 71082000 |
| 3 | Base metals or silver, clad with gold, not further worked than semi-manufactured | 7109 | – |
| 0.25 | All goods | 7102 | 71021000, 71022110, 71022120, 71022910, 71022990, 71023100, 71023910, 71023990 |
| 3 | Semi-precious stones, whether or not worked or graded but not strung, mounted or set; semi-precious stones, temporarily strung for convenience of transport [other than Unworked or simply sawn or roughly shaped] | 7103 | 71031011, 71031012, 71031019, 71031021, 71031022, 71031023, 71031024, 71031029, 71039100, 71039910, 71039920, 71039930, 71039940, 71039990 |
| 0.25 | Semi-precious stones, unworked or simply sawn or roughly shaped | 7103 | 71031011, 71031012, 71031019, 71031021, 71031022, 71031023, 71031024, 71031029, 71039100, 71039910, 71039920, 71039930, 71039940, 71039990 |
| 0.25 | Precious stones (other than diamonds), ungraded precious stones (other than diamonds) | 7103 | 71031011, 71031012, 71031019, 71031021, 71031022, 71031023, 71031024, 71031029, 71039100, 71039910, 71039920, 71039930, 71039940, 71039990 |
| 3 | Synthetic or reconstructed semi-precious stones, whether or not worked or graded but not strung, mounted or set; ungraded synthetic or reconstructed semi-precious stones, temporarily strung for convenience of transport [other than Unworked or simply sawn or roughly shaped] | 7104 | 71041000, 71042000, 71049000 |
| 0.25 | Synthetic or reconstructed semi-precious stones, unworked or simply sawn or roughly shaped | 7104 | 71041000, 71042000, 7104900 |
| 3 | Platinum, unwrought or in semi-manufactured forms, or in powder form | 7110 | 71101110, 71101120, 71101900, 71102100, 71102900, 71103100, 71103900, 71104100, 71104900 |
| 3 | Base metals, silver or gold, clad with platinum, not further worked than semi-manufactured | 7111 | – |
| 3 | Waste and scrap of precious metal or of metal clad with precious metal; other waste and scrap containing precious metal or precious metal compounds, of a kind used principally for the recovery of precious metal. | 7112 | 71123000, 71129100, 71129200, 71129910, 71129920, 71129990 |
| 3 | Articles of jewellery and parts thereof, of precious metal or of metal clad with precious metal. Silver filigree work | 7113 | 71131110, 71131120, 71131130, 71131190, 71131910, 71131920, 71131930, 71131940, 71131950, 71131960, 71131990, 71132000 |
| 3 | Articles of goldsmiths’ or silversmiths’ wares and parts thereof, of precious metal or of metal clad with precious metal | 7114 | 71141110, 71141120, 71141910, 71141920, 71141930, 71142010, 71142020, 71142030 |
| 3 | Other articles of precious metal or of metal clad with precious metal | 7115 | 71151000, 71159010, 71159020, 71159090 |
| 3 | Articles of natural or cultured pearls, precious or semi-precious stones (natural, synthetic or reconstructed) | 7116 | 71161000, 71162000 |
| 3 | Imitation jewellery other than bangles of lac/shellac | 7117 | 71171100, 71171910, 71171920, 71171990, 71179010, 71179090 |
| 3 | Handmade imitation jewellery (including natural seeds, beads jewelry, cardamom garland) | 7117 | – |
| 0 | Bangles of lac/ shellac | 7117 | – |
| 3 | Coin | 7118 | 71181000, 71189000 |
Disclaimer: The GST rates and HSN codes presented here are based on the author's best understanding and are subject to periodic updates as per applicable laws. This content does not constitute professional advice or formal recommendations. While every effort has been made to ensure accuracy, errors or omissions may still exist. Online Legal India is not liable for any loss or damage resulting from inaccuracies or incomplete information in this document.
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