HSN Code 71051000 provides the tax classification for Dust And Powder Of Natural Or Synthetic Precious Or Semi-Precious Stones - Of Diamond under Chapter 71 – Natural Or Cultured Pearls, P of the GST tariff. Businesses dealing in Dust And Powder Of Natural Or Synthetic Precious Or Semi-Precious Stones - Of Diamond 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 71051000
The tax structure for Dust And Powder Of Natural Or Synthetic Precious Or Semi-Precious Stones - Of Diamond under HSN Code 71051000 follows a dual taxation model. CGST is levied at 0.13% and SGST/UTGST at 0.13% for intrastate sales. Interstate transactions attract IGST at 0.25%. All invoices must record quantities in N.a as the standard measurement for goods under Chapter 71 – Natural Or Cultured Pearls, P.
Who Should Use HSN Code 71051000?
Every entity transacting in Dust And Powder Of Natural Or Synthetic Precious Or Semi-Precious Stones - Of Diamond must quote HSN Code 71051000 on invoices. This includes traders, distributors, and e-commerce sellers operating under Natural Or Cultured Pearls, P. Chapter 71 mandates this classification for accurate tax computation across the supply chain.
Business Registration Requirements
Starting a business involving Dust And Powder Of Natural Or Synthetic Precious Or Semi-Precious Stones - Of Diamond? GST registration is mandatory for collecting and remitting taxes on HSN 71051000 goods. Companies planning international trade within Natural Or Cultured Pearls, P must obtain an Import Export Code. Exporters need AD Code registration for receiving foreign payments. New entrepreneurs should complete company registration before pursuing trade-specific approvals.
Why Correct Classification Matters
Using HSN Code 71051000 accurately for Dust And Powder Of Natural Or Synthetic Precious Or Semi-Precious Stones - Of Diamond 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)
Which chapter does HSN Code 71051000 belong to?
HSN Code 71051000 falls under Chapter 71 – Natural Or Cultured Pearls, P in the GST tariff schedule. This chapter covers various goods including Dust And Powder Of Natural Or Synthetic Precious Or Semi-Precious Stones - Of Diamond.
Is IGST applicable on Dust And Powder Of Natural Or Synthetic Precious Or Semi-Precious Stones - Of Diamond?
Yes, IGST at 0.25% is applicable when Dust And Powder Of Natural Or Synthetic Precious Or Semi-Precious Stones - Of Diamond is supplied interstate or imported. For local sales within a state, CGST at 0.13% and SGST/UTGST at 0.13% apply instead.
Can e-commerce sellers use HSN Code 71051000?
Yes, e-commerce sellers dealing in Dust And Powder Of Natural Or Synthetic Precious Or Semi-Precious Stones - Of Diamond must use HSN 71051000 on their invoices. This applies to all online platforms operating under Natural Or Cultured Pearls, P classification.
How do I start an import business for Natural Or Cultured Pearls, P goods?
To import goods under Natural Or Cultured Pearls, P, complete GST registration first, then obtain an Import Export Code from DGFT. Proper company registration provides the legal foundation for your import operations.
