HSN Code 71022910 provides the tax classification for Diamonds, Whether Or Not Worked, But Not Mounted Or Set - Industrial : Other: Crushed under Chapter 71 – Natural Or Cultured Pearls, P of the GST tariff. Businesses dealing in Diamonds, Whether Or Not Worked, But Not Mounted Or Set - Industrial : Other: Crushed must use this code for proper invoicing and return filing. Applicable taxes include CGST at 0.00%, SGST/UTGST at 0.00%, and IGST at 0.00%. The recognized unit of measurement is c/k.
HSN Codes under Chapter 71 – Natural Or Cultured Pearls, P
Below are related HSN codes from Chapter 71 – Natural Or Cultured Pearls, P for your reference:
| Chapter | HSN Code | Description | CGST | SGST/UTGST | IGST |
|---|---|---|---|---|---|
| Natural Or Cultured Pearls, P... | 71011010 | Pearls, Natural Or Cultured, Whether Or Not Worked... | 1.50% | 1.50% | 3.00% |
| Natural Or Cultured Pearls, P... | 71011020 | Pearls, Natural Or Cultured, Whether Or Not Worked... | 0.015 | 0.015 | 0.03 |
| Natural Or Cultured Pearls, P... | 71012100 | Pearls, Natural Or Cultured, Whether Or Not Worked... | 0.015 | 0.015 | 0.03 |
| Natural Or Cultured Pearls, P... | 71012200 | Pearls, Natural Or Cultured, Whether Or Not Worked... | 0.015 | 0.015 | 0.03 |
| Natural Or Cultured Pearls, P... | 71021000 | Diamonds, Whether Or Not Worked, But Not Mounted O... | 0 | 0 | 0 |
| Natural Or Cultured Pearls, P... | 71022110 | 21 Diamonds, Whether Or Not Worked, But Not Mounte... | 0.00% | 0.00% | 0.00% |
| Natural Or Cultured Pearls, P... | 71022120 | 21 Diamonds, Whether Or Not Worked, But Not Mounte... | 0 | 0 | 0 |
| Natural Or Cultured Pearls, P... | 71022990 | Diamonds, Whether Or Not Worked, But Not Mounted O... | 0 | 0 | 0 |
| Natural Or Cultured Pearls, P... | 71023100 | Diamonds, Whether Or Not Worked, But Not Mounted O... | 0 | 0 | 0 |
| Natural Or Cultured Pearls, P... | 71023910 | Diamonds, Whether Or Not Worked, But Not Mounted O... | 0.00% | 0.00% | 0.00% |
GST Rates for HSN 71022910
Goods classified as Diamonds, Whether Or Not Worked, But Not Mounted Or Set - Industrial : Other: Crushed under HSN 71022910 are taxed based on transaction type. Local sales attract CGST at 0.00% plus SGST/UTGST at 0.00%. For supplies crossing state boundaries, IGST at 0.00% applies. Documentation must reflect c/k as the measurement standard for Chapter 71 – Natural Or Cultured Pearls, P products.
Who Should Use HSN Code 71022910?
Traders, manufacturers, and importers of Diamonds, Whether Or Not Worked, But Not Mounted Or Set - Industrial : Other: Crushed are required to mention HSN Code 71022910 on all GST documents. This Natural Or Cultured Pearls, P classification under Chapter 71 is mandatory for compliance across all business formats including online sellers.
Business Registration Requirements
Starting a business involving Diamonds, Whether Or Not Worked, But Not Mounted Or Set - Industrial : Other: Crushed? GST registration is mandatory for collecting and remitting taxes on HSN 71022910 goods. Companies planning international trade within Natural Or Cultured Pearls, P must obtain an Import Export Code. Exporters need AD Code registration for receiving foreign payments. New entrepreneurs should complete company registration before pursuing trade-specific approvals.
Why Correct Classification Matters
Proper use of HSN Code 71022910 for Diamonds, Whether Or Not Worked, But Not Mounted Or Set - Industrial : Other: Crushed streamlines audit processes and supports valid credit claims. Stay updated on 0.00%, 0.00%, and 0.00% rates for Chapter 71 – Natural Or Cultured Pearls, P through government circulars to ensure uninterrupted compliance.
Frequently Asked Questions (FAQs)
Which chapter does HSN Code 71022910 belong to?
HSN Code 71022910 falls under Chapter 71 – Natural Or Cultured Pearls, P in the GST tariff schedule. This chapter covers various goods including Diamonds, Whether Or Not Worked, But Not Mounted Or Set - Industrial : Other: Crushed.
Is IGST applicable on Diamonds, Whether Or Not Worked, But Not Mounted Or Set - Industrial : Other: Crushed?
Yes, IGST at 0.00% is applicable when Diamonds, Whether Or Not Worked, But Not Mounted Or Set - Industrial : Other: Crushed is supplied interstate or imported. For local sales within a state, CGST at 0.00% and SGST/UTGST at 0.00% apply instead.
Can e-commerce sellers use HSN Code 71022910?
Yes, e-commerce sellers dealing in Diamonds, Whether Or Not Worked, But Not Mounted Or Set - Industrial : Other: Crushed must use HSN 71022910 on their invoices. This applies to all online platforms operating under Natural Or Cultured Pearls, P classification.
How do I start an import business for Natural Or Cultured Pearls, P goods?
To import goods under Natural Or Cultured Pearls, P, complete GST registration first, then obtain an Import Export Code from DGFT. Proper company registration provides the legal foundation for your import operations.
