HSN Code 71081300 provides the tax classification for Gold (Including Gold Plated With Platinum) Unwrought Or In Semi-Manufactured Forms, Or In Powder Form - Non-Monetary : Other Semi-Manufactured Forms under Chapter 71 – Natural Or Cultured Pearls, P of the GST tariff. Businesses dealing in Gold (Including Gold Plated With Platinum) Unwrought Or In Semi-Manufactured Forms, Or In Powder Form - Non-Monetary : Other Semi-Manufactured Forms must use this code for proper invoicing and return filing. Applicable taxes include CGST at 0.015, SGST/UTGST at 0.015, and IGST at 0.03. 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 71081300
Tax liability for Gold (Including Gold Plated With Platinum) Unwrought Or In Semi-Manufactured Forms, Or In Powder Form - Non-Monetary : Other Semi-Manufactured Forms under HSN 71081300 varies by transaction geography. CGST at 0.015 combined with SGST/UTGST at 0.015 applies to local sales. Interstate movement attracts IGST at 0.03. All billing for Chapter 71 – Natural Or Cultured Pearls, P products must use kg..
Who Should Use HSN Code 71081300?
Manufacturers, wholesalers, retailers, and exporters dealing in Gold (Including Gold Plated With Platinum) Unwrought Or In Semi-Manufactured Forms, Or In Powder Form - Non-Monetary : Other Semi-Manufactured Forms are required to mention HSN 71081300 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
Entering the Gold (Including Gold Plated With Platinum) Unwrought Or In Semi-Manufactured Forms, Or In Powder Form - Non-Monetary : Other Semi-Manufactured Forms market requires essential registrations. GST registration enables legal tax collection on HSN 71081300 goods. For cross-border trade in Natural Or Cultured Pearls, P items, secure an Import Export Code. Exporters additionally need AD Code registration for bank processing. Begin with company registration to establish your business entity.
Why Correct Classification Matters
Proper use of HSN Code 71081300 for Gold (Including Gold Plated With Platinum) Unwrought Or In Semi-Manufactured Forms, Or In Powder Form - Non-Monetary : Other Semi-Manufactured Forms streamlines audit processes and supports valid credit claims. Stay updated on 0.015, 0.015, and 0.03 rates for Chapter 71 – Natural Or Cultured Pearls, P through government circulars to ensure uninterrupted compliance.
Frequently Asked Questions (FAQs)
How many digits of HSN Code 71081300 should I mention on invoices?
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 71081300 for accurate classification of Gold (Including Gold Plated With Platinum) Unwrought Or In Semi-Manufactured Forms, Or In Powder Form - Non-Monetary : Other Semi-Manufactured Forms.
Can I claim input tax credit on Gold (Including Gold Plated With Platinum) Unwrought Or In Semi-Manufactured Forms, Or In Powder Form - Non-Monetary : Other Semi-Manufactured Forms purchases?
Yes, registered businesses can claim input tax credit on Gold (Including Gold Plated With Platinum) Unwrought Or In Semi-Manufactured Forms, Or In Powder Form - Non-Monetary : Other Semi-Manufactured Forms purchases made under HSN 71081300. Ensure your supplier mentions correct HSN code and GST rates (0.015, 0.015) on the invoice.
What is the difference between CGST and IGST for HSN 71081300?
CGST at 0.015 plus SGST/UTGST at 0.015 applies when Gold (Including Gold Plated With Platinum) Unwrought Or In Semi-Manufactured Forms, Or In Powder Form - Non-Monetary : Other Semi-Manufactured Forms is sold within the same state. IGST at 0.03 is charged when goods move across state borders or are imported.
Is Import Export Code necessary for trading Gold (Including Gold Plated With Platinum) Unwrought Or In Semi-Manufactured Forms, Or In Powder Form - Non-Monetary : Other Semi-Manufactured Forms domestically?
No, Import Export Code is only required if you plan to import or export Gold (Including Gold Plated With Platinum) Unwrought Or In Semi-Manufactured Forms, Or In Powder Form - Non-Monetary : Other Semi-Manufactured Forms internationally. For domestic trade within Natural Or Cultured Pearls, P, GST registration is sufficient.
