HSN Code 71042900 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 0.00%, SGST/UTGST at 0.00%, and IGST at 0.00%. The recognized 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 71042900
The tax structure 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 71042900 follows a dual taxation model. CGST is levied at 0.00% and SGST/UTGST at 0.00% for intrastate sales. Interstate transactions attract IGST at 0.00%. All invoices must record quantities in kg. as the standard measurement for goods under Chapter 71 – Natural Or Cultured Pearls, P.
Who Should Use HSN Code 71042900?
Traders, manufacturers, and importers 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... are required to mention HSN Code 71042900 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
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 71042900. 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
Accurate application of HSN Code 71042900 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... enables legitimate input tax credit claims and prevents assessment disputes. Businesses under Chapter 71 – Natural Or Cultured Pearls, P should monitor rate updates (0.00%, 0.00%, 0.00%) through official notifications to maintain seamless compliance.
Frequently Asked Questions (FAQs)
Official GST rates 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 71042900 are published in government notifications and the CBIC website. Current rates are CGST 0.00%, SGST/UTGST 0.00%, and IGST 0.00%.
Yes, online marketplaces and e-commerce operators selling 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 mention HSN Code 71042900 on invoices. This Natural Or Cultured Pearls, P classification applies to all sales channels under Chapter 71.
For company registration, you need identity proof, address proof, and registered office documents. Once registered, apply for GST registration to start trading 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 HSN 71042900.
GST rates 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... and other Natural Or Cultured Pearls, P products under Chapter 71 may change through GST Council recommendations. Monitor official notifications to stay updated on 0.00%, 0.00%, and 0.00% revisions.
