Under the GST regime, HSN Code 71039913 classifies Alexandrite (Including Alexandrite Cats Eye) within Chapter 71 – Natural Or Cultured Pearls, P. This code is essential for businesses to correctly calculate and remit taxes on Alexandrite (Including Alexandrite Cats Eye). 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 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... | 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 71039913
For Alexandrite (Including Alexandrite Cats Eye) classified under HSN Code 71039913, tax computation follows GST principles. CGST at 0.13% plus SGST/UTGST at 0.13% covers intrastate sales. IGST at 0.25% applies to interstate transactions. c/k is the prescribed measurement for Natural Or Cultured Pearls, P under Chapter 71.
Who Should Use HSN Code 71039913?
Manufacturers, wholesalers, retailers, and exporters dealing in Alexandrite (Including Alexandrite Cats Eye) are required to mention HSN 71039913 on all tax documents. This classification under Natural Or Cultured Pearls, P applies to businesses of all sizes operating within Chapter 71. Proper usage ensures accurate return filing and audit compliance.
Business Registration Requirements
Looking to deal in Alexandrite (Including Alexandrite Cats Eye)? GST registration is your first compliance requirement for HSN 71039913 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 application of HSN Code 71039913 for Alexandrite (Including Alexandrite Cats Eye) enables legitimate input tax credit claims and prevents assessment disputes. Businesses under Chapter 71 – Natural Or Cultured Pearls, P should monitor rate updates (0.13%, 0.13%, 0.25%) through official notifications to maintain seamless compliance.
Frequently Asked Questions (FAQs)
What is the unit of measurement for HSN 71039913?
The standard unit of measurement for Alexandrite (Including Alexandrite Cats Eye) under HSN Code 71039913 is c/k. All invoices and GST returns must reflect quantities using this measurement standard.
Is HSN Code 71039913 mandatory for small businesses?
Yes, businesses dealing in Alexandrite (Including Alexandrite Cats Eye) must use HSN 71039913 on invoices regardless of their size. The number of digits required may vary based on turnover thresholds set by GST rules.
What happens if I use wrong HSN code for Alexandrite (Including Alexandrite Cats Eye)?
Using incorrect classification can result in wrong tax calculation, rejected input credits, and penalties during assessment. Always verify HSN 71039913 for Natural Or Cultured Pearls, P goods before invoicing.
Do I need AD Code registration for exporting Alexandrite (Including Alexandrite Cats Eye)?
Yes, AD Code registration is required for exporters dealing in Alexandrite (Including Alexandrite Cats Eye) under Natural Or Cultured Pearls, P. This registration links your bank account to process foreign currency payments from overseas buyers.
