Under the GST regime, HSN Code 71031032 classifies Yellow/Golden/Pink/Red/Green Beryl within Chapter 71 – Natural Or Cultured Pearls, P. This code is essential for businesses to correctly calculate and remit taxes on Yellow/Golden/Pink/Red/Green Beryl. The applicable rates are CGST at 0.13%, SGST/UTGST at 0.13% for within-state sales, and IGST at 0.25% for interstate supplies. Goods are quantified using kg..
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... | 71022910 | Diamonds, Whether Or Not Worked, But Not Mounted O... | 0.00% | 0.00% | 0.00% |
| 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 |
GST Rates for HSN 71031032
Goods classified as Yellow/Golden/Pink/Red/Green Beryl under HSN 71031032 are taxed based on transaction type. Local sales attract CGST at 0.13% plus SGST/UTGST at 0.13%. For supplies crossing state boundaries, IGST at 0.25% applies. Documentation must reflect kg. as the measurement standard for Chapter 71 – Natural Or Cultured Pearls, P products.
Who Should Use HSN Code 71031032?
Any business engaged in supplying Yellow/Golden/Pink/Red/Green Beryl must apply HSN 71031032 on invoices. The Natural Or Cultured Pearls, P category under Chapter 71 requires this classification for wholesalers, retailers, exporters, and online marketplaces alike.
Business Registration Requirements
Planning to trade in Yellow/Golden/Pink/Red/Green Beryl? Complete GST registration to legally collect taxes on goods under HSN 71031032. Businesses importing or exporting Natural Or Cultured Pearls, P products require an Import Export Code. AD Code registration is essential for exporters to process international payments. Entrepreneurs should secure company registration as the foundational step.
Why Correct Classification Matters
Using HSN Code 71031032 accurately for Yellow/Golden/Pink/Red/Green Beryl avoids compliance issues and facilitates credit claims. Monitor changes to 0.13%, 0.13%, and 0.25% rates for Chapter 71 – Natural Or Cultured Pearls, P to maintain accurate filings and smooth business operations.
Frequently Asked Questions (FAQs)
Where can I find the official GST rate for HSN 71031032?
Official GST rates for Yellow/Golden/Pink/Red/Green Beryl under HSN 71031032 are published in government notifications and the CBIC website. Current rates are CGST 0.13%, SGST/UTGST 0.13%, and IGST 0.25%.
Do online marketplaces need to mention HSN 71031032?
Yes, online marketplaces and e-commerce operators selling Yellow/Golden/Pink/Red/Green Beryl must mention HSN Code 71031032 on invoices. This Natural Or Cultured Pearls, P classification applies to all sales channels under Chapter 71.
What documents are needed for company registration to trade in Yellow/Golden/Pink/Red/Green Beryl?
For company registration, you need identity proof, address proof, and registered office documents. Once registered, apply for GST registration to start trading in Yellow/Golden/Pink/Red/Green Beryl under HSN 71031032.
How often do GST rates change for Natural Or Cultured Pearls, P products?
GST rates for Yellow/Golden/Pink/Red/Green Beryl and other Natural Or Cultured Pearls, P products under Chapter 71 may change through GST Council recommendations. Monitor official notifications to stay updated on 0.13%, 0.13%, and 0.25% revisions.
