Under the GST regime, HSN Code 71104100 classifies Platinum, Unwrought Or In Semi-Manufactured Form, Or In Powder Form - Iridium, Osmium And Ruthenium: Unwrought Or In Powder From within Chapter 71 – Natural Or Cultured Pearls, P. This code is essential for businesses to correctly calculate and remit taxes on Platinum, Unwrought Or In Semi-Manufactured Form, Or In Powder Form - Iridium, Osmium And Ruthenium: Unwrought Or In Powder From. The applicable rates are CGST at 0.015, SGST/UTGST at 0.015 for within-state sales, and IGST at 0.03 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 71104100
For Platinum, Unwrought Or In Semi-Manufactured Form, Or In Powder Form - Iridium, Osmium And Ruthenium: Unwrought Or In Powder From classified under HSN Code 71104100, tax computation follows GST principles. CGST at 0.015 plus SGST/UTGST at 0.015 covers intrastate sales. IGST at 0.03 applies to interstate transactions. kg. is the prescribed measurement for Natural Or Cultured Pearls, P under Chapter 71.
Who Should Use HSN Code 71104100?
All businesses supplying Platinum, Unwrought Or In Semi-Manufactured Form, Or In Powder Form - Iridium, Osmium And Ruthenium: Unwrought Or In Powder From are obligated to use HSN 71104100 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
Starting a business involving Platinum, Unwrought Or In Semi-Manufactured Form, Or In Powder Form - Iridium, Osmium And Ruthenium: Unwrought Or In Powder From? GST registration is mandatory for collecting and remitting taxes on HSN 71104100 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 71104100 accurately for Platinum, Unwrought Or In Semi-Manufactured Form, Or In Powder Form - Iridium, Osmium And Ruthenium: Unwrought Or In Powder From avoids compliance issues and facilitates credit claims. Monitor changes to 0.015, 0.015, and 0.03 rates for Chapter 71 – Natural Or Cultured Pearls, P to maintain accurate filings and smooth business operations.
Frequently Asked Questions (FAQs)
How many digits of HSN Code 71104100 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 71104100 for accurate classification of Platinum, Unwrought Or In Semi-Manufactured Form, Or In Powder Form - Iridium, Osmium And Ruthenium: Unwrought Or In Powder From.
Can I claim input tax credit on Platinum, Unwrought Or In Semi-Manufactured Form, Or In Powder Form - Iridium, Osmium And Ruthenium: Unwrought Or In Powder From purchases?
Yes, registered businesses can claim input tax credit on Platinum, Unwrought Or In Semi-Manufactured Form, Or In Powder Form - Iridium, Osmium And Ruthenium: Unwrought Or In Powder From purchases made under HSN 71104100. 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 71104100?
CGST at 0.015 plus SGST/UTGST at 0.015 applies when Platinum, Unwrought Or In Semi-Manufactured Form, Or In Powder Form - Iridium, Osmium And Ruthenium: Unwrought Or In Powder From 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 Platinum, Unwrought Or In Semi-Manufactured Form, Or In Powder Form - Iridium, Osmium And Ruthenium: Unwrought Or In Powder From domestically?
No, Import Export Code is only required if you plan to import or export Platinum, Unwrought Or In Semi-Manufactured Form, Or In Powder Form - Iridium, Osmium And Ruthenium: Unwrought Or In Powder From internationally. For domestic trade within Natural Or Cultured Pearls, P, GST registration is sufficient.
