Under the GST regime, HSN Code 71069210 classifies Silver (Including Silver Plated With Gold Or Platinum), Unwrought Or In Semi-Manufactured Forms, Or In Powder Form Semi-Manufactured : Sheets, Plates, Strips, Tubes And Pipes within Chapter 71 – Natural Or Cultured Pearls, P. This code is essential for businesses to correctly calculate and remit taxes on Silver (Including Silver Plated With Gold Or Platinum), Unwrought Or In Semi-Manufactured Forms, Or In Powder Form Semi-Manufactured : Sheets, Plates, Strips, Tubes And Pipes. The applicable rates are CGST at 1.50%, SGST/UTGST at 1.50% for within-state sales, and IGST at 3.00% for interstate supplies. Goods are quantified using 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 71069210
Goods classified as Silver (Including Silver Plated With Gold Or Platinum), Unwrought Or In Semi-Manufactured Forms, Or In Powder Form Semi-Manufactured : Sheets, Plates, Strips, Tubes And Pipes under HSN 71069210 are taxed based on transaction type. Local sales attract CGST at 1.50% plus SGST/UTGST at 1.50%. For supplies crossing state boundaries, IGST at 3.00% applies. Documentation must reflect kg. as the measurement standard for Chapter 71 – Natural Or Cultured Pearls, P products.
Who Should Use HSN Code 71069210?
Manufacturers, wholesalers, retailers, and exporters dealing in Silver (Including Silver Plated With Gold Or Platinum), Unwrought Or In Semi-Manufactured Forms, Or In Powder Form Semi-Manufactured : Sheets, Plates, Strips, Tubes And Pipes are required to mention HSN 71069210 on all tax documents. This classification under Natural Or Cultured Pearls, P applies to businesses of all sizes operating within Chapter 71. Proper usage ensures accurate return filing and audit compliance.
Business Registration Requirements
Planning to trade in Silver (Including Silver Plated With Gold Or Platinum), Unwrought Or In Semi-Manufactured Forms, Or In Powder Form Semi-Manufactured : Sheets, Plates, Strips, Tubes And Pipes? Complete GST registration to legally collect taxes on goods under HSN 71069210. 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 HSN Code 71069210 usage for Silver (Including Silver Plated With Gold Or Platinum), Unwrought Or In Semi-Manufactured Forms, Or In Powder Form Semi-Manufactured : Sheets, Plates, Strips, Tubes And Pipes simplifies reconciliation and protects against penalties. Keep current with 1.50%, 1.50%, and 3.00% updates for Chapter 71 – Natural Or Cultured Pearls, P to ensure ongoing compliance.
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 71069210 for accurate classification of Silver (Including Silver Plated With Gold Or Platinum), Unwrought Or In Semi-Manufactured Forms, Or In Powder Form Semi-Manufactured : Sheets, Plates, Strips, Tubes And Pipes.
Yes, registered businesses can claim input tax credit on Silver (Including Silver Plated With Gold Or Platinum), Unwrought Or In Semi-Manufactured Forms, Or In Powder Form Semi-Manufactured : Sheets, Plates, Strips, Tubes And Pipes purchases made under HSN 71069210. Ensure your supplier mentions correct HSN code and GST rates (1.50%, 1.50%) on the invoice.
CGST at 1.50% plus SGST/UTGST at 1.50% applies when Silver (Including Silver Plated With Gold Or Platinum), Unwrought Or In Semi-Manufactured Forms, Or In Powder Form Semi-Manufactured : Sheets, Plates, Strips, Tubes And Pipes is sold within the same state. IGST at 3.00% 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 Silver (Including Silver Plated With Gold Or Platinum), Unwrought Or In Semi-Manufactured Forms, Or In Powder Form Semi-Manufactured : Sheets, Plates, Strips, Tubes And Pipes internationally. For domestic trade within Natural Or Cultured Pearls, P, GST registration is sufficient.