Within Chapter 71 – Natural Or Cultured Pearls, P, HSN Code 71049100 serves as the official 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.... This code determines tax rates and compliance obligations for all entities 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.... CGST applies at 0.13%, SGST/UTGST at 0.13% for local transactions, and IGST at 0.25% for interstate supplies. Measurement is standardized in 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 71049100
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 71049100 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 71049100?
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 71049100 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 71049100. 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
Using HSN Code 71049100 accurately 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... avoids compliance issues and facilitates credit claims. Monitor changes to 0.13%, 0.13%, and 0.25% rates for Chapter 71 – Natural Or Cultured Pearls, P to maintain accurate filings and smooth business operations.
Frequently Asked Questions (FAQs)
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 71049100 for accurate classification 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....
Yes, registered businesses can claim input tax credit on 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... purchases made under HSN 71049100. Ensure your supplier mentions correct HSN code and GST rates (0.13%, 0.13%) on the invoice.
CGST at 0.13% plus SGST/UTGST at 0.13% applies when 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... is sold within the same state. IGST at 0.25% is charged when goods move across state borders or are imported.
No, Import Export Code is only required if you plan to import or export 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... internationally. For domestic trade within Natural Or Cultured Pearls, P, GST registration is sufficient.