Chapter 71 of the GST framework covers Natural Or Cultured Pearls, P, and HSN Code 71031090 specifically identifies Other for taxation purposes. This classification is mandatory for all businesses engaged in the supply of Other. Tax rates applicable include CGST at 0.0013, SGST/UTGST at 0.0013, and IGST at 0.0025 for interstate movements. The standard unit of measurement is 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 71031090

Tax liability for Other under HSN 71031090 varies by transaction geography. CGST at 0.0013 combined with SGST/UTGST at 0.0013 applies to local sales. Interstate movement attracts IGST at 0.0025. All billing for Chapter 71 – Natural Or Cultured Pearls, P products must use kg..

Who Should Use HSN Code 71031090?

All businesses supplying Other are obligated to use HSN 71031090 on tax invoices. From producers to retailers within Natural Or Cultured Pearls, P, Chapter 71 classification ensures uniform tax treatment. This requirement applies regardless of turnover or business model.

Business Registration Requirements

Looking to deal in Other? GST registration is your first compliance requirement for HSN 71031090 goods. International traders in Natural Or Cultured Pearls, P products must obtain an Import Export Code. AD Code registration facilitates export payment processing. Company registration should precede all other business approvals.

Why Correct Classification Matters

Accurate HSN Code 71031090 usage for Other simplifies reconciliation and protects against penalties. Keep current with 0.0013, 0.0013, and 0.0025 updates for Chapter 71 – Natural Or Cultured Pearls, P to ensure ongoing compliance.

Frequently Asked Questions (FAQs)

How many digits of HSN Code 71031090 should I mention on invoices?

The number of HSN digits depends on your annual turnover. Businesses with turnover above Rs 5 crore must mention 6 digits, while others may use 4 digits. Always use the complete HSN 71031090 for accurate classification of Other.

Can I claim input tax credit on Other purchases?

Yes, registered businesses can claim input tax credit on Other purchases made under HSN 71031090. Ensure your supplier mentions correct HSN code and GST rates (0.0013, 0.0013) on the invoice.

What is the difference between CGST and IGST for HSN 71031090?

CGST at 0.0013 plus SGST/UTGST at 0.0013 applies when Other is sold within the same state. IGST at 0.0025 is charged when goods move across state borders or are imported.

Is Import Export Code necessary for trading Other domestically?

No, Import Export Code is only required if you plan to import or export Other internationally. For domestic trade within Natural Or Cultured Pearls, P, GST registration is sufficient.

More HSN codes from Chapter 71

Back to Top