Under the GST regime, HSN Code 71039941 classifies Prehnite within Chapter 71 – Natural Or Cultured Pearls, P. This code is essential for businesses to correctly calculate and remit taxes on Prehnite. 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 71039941
The taxation of Prehnite under HSN Code 71039941 depends on supply location. Intrastate transactions require CGST at 0.13% and SGST/UTGST at 0.13%. Interstate supplies are charged IGST at 0.25%. Invoices should consistently use c/k for Natural Or Cultured Pearls, P goods under Chapter 71.
Who Should Use HSN Code 71039941?
Traders, manufacturers, and importers of Prehnite are required to mention HSN Code 71039941 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
Looking to deal in Prehnite? GST registration is your first compliance requirement for HSN 71039941 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
Correct HSN Code 71039941 application for Prehnite ensures smooth input credit utilization and assessment processes. Track 0.13%, 0.13%, and 0.25% rate changes for Chapter 71 – Natural Or Cultured Pearls, P through official notifications for continuous compliance.
Frequently Asked Questions (FAQs)
Where can I find the official GST rate for HSN 71039941?
Official GST rates for Prehnite under HSN 71039941 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 71039941?
Yes, online marketplaces and e-commerce operators selling Prehnite must mention HSN Code 71039941 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 Prehnite?
For company registration, you need identity proof, address proof, and registered office documents. Once registered, apply for GST registration to start trading in Prehnite under HSN 71039941.
How often do GST rates change for Natural Or Cultured Pearls, P products?
GST rates for Prehnite 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.
