HSN Code 71042100 provides the tax classification for Natural Or Cultured Pearls, Precious Or Semi-Precious Stones, Precious Metals, Metals Clad With Precious Metal, And Articles Thereof; Imitation Jewellery; Coin~Synthetic Or Reconstructed Precious Or Semi-Precious Stones, Whether Or Not Worked Or Graded... under Chapter 71 – Natural Or Cultured Pearls, P of the GST tariff. Businesses dealing in Natural Or Cultured Pearls, Precious Or Semi-Precious Stones, Precious Metals, Metals Clad With Precious Metal, And Articles Thereof; Imitation Jewellery; Coin~Synthetic Or Reconstructed Precious Or Semi-Precious Stones, Whether Or Not Worked Or Graded... must use this code for proper invoicing and return filing. Applicable taxes include CGST at 0.13%, SGST/UTGST at 0.13%, and IGST at 0.25%. The recognized unit of measurement is N.a.
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 71042100
The taxation of Natural Or Cultured Pearls, Precious Or Semi-Precious Stones, Precious Metals, Metals Clad With Precious Metal, And Articles Thereof; Imitation Jewellery; Coin~Synthetic Or Reconstructed Precious Or Semi-Precious Stones, Whether Or Not Worked Or Graded... under HSN Code 71042100 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 N.a for Natural Or Cultured Pearls, P goods under Chapter 71.
Who Should Use HSN Code 71042100?
All businesses supplying Natural Or Cultured Pearls, Precious Or Semi-Precious Stones, Precious Metals, Metals Clad With Precious Metal, And Articles Thereof; Imitation Jewellery; Coin~Synthetic Or Reconstructed Precious Or Semi-Precious Stones, Whether Or Not Worked Or Graded... are obligated to use HSN 71042100 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
Planning to trade in Natural Or Cultured Pearls, Precious Or Semi-Precious Stones, Precious Metals, Metals Clad With Precious Metal, And Articles Thereof; Imitation Jewellery; Coin~Synthetic Or Reconstructed Precious Or Semi-Precious Stones, Whether Or Not Worked Or Graded...? Complete GST registration to legally collect taxes on goods under HSN 71042100. 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
Correct HSN Code 71042100 application for Natural Or Cultured Pearls, Precious Or Semi-Precious Stones, Precious Metals, Metals Clad With Precious Metal, And Articles Thereof; Imitation Jewellery; Coin~Synthetic Or Reconstructed Precious Or Semi-Precious Stones, Whether Or Not Worked Or Graded... 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)
The standard unit of measurement for Natural Or Cultured Pearls, Precious Or Semi-Precious Stones, Precious Metals, Metals Clad With Precious Metal, And Articles Thereof; Imitation Jewellery; Coin~Synthetic Or Reconstructed Precious Or Semi-Precious Stones, Whether Or Not Worked Or Graded... under HSN Code 71042100 is N.a. All invoices and GST returns must reflect quantities using this measurement standard.
Yes, businesses dealing in Natural Or Cultured Pearls, Precious Or Semi-Precious Stones, Precious Metals, Metals Clad With Precious Metal, And Articles Thereof; Imitation Jewellery; Coin~Synthetic Or Reconstructed Precious Or Semi-Precious Stones, Whether Or Not Worked Or Graded... must use HSN 71042100 on invoices regardless of their size. The number of digits required may vary based on turnover thresholds set by GST rules.
Using incorrect classification can result in wrong tax calculation, rejected input credits, and penalties during assessment. Always verify HSN 71042100 for Natural Or Cultured Pearls, P goods before invoicing.
Yes, AD Code registration is required for exporters dealing in Natural Or Cultured Pearls, Precious Or Semi-Precious Stones, Precious Metals, Metals Clad With Precious Metal, And Articles Thereof; Imitation Jewellery; Coin~Synthetic Or Reconstructed Precious Or Semi-Precious Stones, Whether Or Not Worked Or Graded... under Natural Or Cultured Pearls, P. This registration links your bank account to process foreign currency payments from overseas buyers.