71104900 is the designated HSN classification for Platinum, Unwrought Or In Semi-Manufactured Form, Or In Powder Form - Iridium, Osmium And Ruthenium: Other, categorized under Chapter 71 – Natural Or Cultured Pearls, P in the GST tariff structure. Businesses involved in trading, manufacturing, or importing Platinum, Unwrought Or In Semi-Manufactured Form, Or In Powder Form - Iridium, Osmium And Ruthenium: Other must apply this code correctly on invoices and tax returns. The applicable tax rates include CGST at 0.015, SGST/UTGST at 0.015 for local transactions, and IGST at 0.03 for interstate supplies. Quantities are measured in kg. for billing purposes.
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 71104900
The taxation of Platinum, Unwrought Or In Semi-Manufactured Form, Or In Powder Form - Iridium, Osmium And Ruthenium: Other under HSN Code 71104900 depends on supply location. Intrastate transactions require CGST at 0.015 and SGST/UTGST at 0.015. Interstate supplies are charged IGST at 0.03. Invoices should consistently use kg. for Natural Or Cultured Pearls, P goods under Chapter 71.
Who Should Use HSN Code 71104900?
Any business engaged in supplying Platinum, Unwrought Or In Semi-Manufactured Form, Or In Powder Form - Iridium, Osmium And Ruthenium: Other must apply HSN 71104900 on invoices. The Natural Or Cultured Pearls, P category under Chapter 71 requires this classification for wholesalers, retailers, exporters, and online marketplaces alike.
Business Registration Requirements
Starting a business involving Platinum, Unwrought Or In Semi-Manufactured Form, Or In Powder Form - Iridium, Osmium And Ruthenium: Other? GST registration is mandatory for collecting and remitting taxes on HSN 71104900 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
Accurate HSN Code 71104900 usage for Platinum, Unwrought Or In Semi-Manufactured Form, Or In Powder Form - Iridium, Osmium And Ruthenium: Other simplifies reconciliation and protects against penalties. Keep current with 0.015, 0.015, and 0.03 updates for Chapter 71 – Natural Or Cultured Pearls, P to ensure ongoing compliance.
Frequently Asked Questions (FAQs)
What is the unit of measurement for HSN 71104900?
The standard unit of measurement for Platinum, Unwrought Or In Semi-Manufactured Form, Or In Powder Form - Iridium, Osmium And Ruthenium: Other under HSN Code 71104900 is kg.. All invoices and GST returns must reflect quantities using this measurement standard.
Is HSN Code 71104900 mandatory for small businesses?
Yes, businesses dealing in Platinum, Unwrought Or In Semi-Manufactured Form, Or In Powder Form - Iridium, Osmium And Ruthenium: Other must use HSN 71104900 on invoices regardless of their size. The number of digits required may vary based on turnover thresholds set by GST rules.
What happens if I use wrong HSN code for Platinum, Unwrought Or In Semi-Manufactured Form, Or In Powder Form - Iridium, Osmium And Ruthenium: Other?
Using incorrect classification can result in wrong tax calculation, rejected input credits, and penalties during assessment. Always verify HSN 71104900 for Natural Or Cultured Pearls, P goods before invoicing.
Do I need AD Code registration for exporting Platinum, Unwrought Or In Semi-Manufactured Form, Or In Powder Form - Iridium, Osmium And Ruthenium: Other?
Yes, AD Code registration is required for exporters dealing in Platinum, Unwrought Or In Semi-Manufactured Form, Or In Powder Form - Iridium, Osmium And Ruthenium: Other under Natural Or Cultured Pearls, P. This registration links your bank account to process foreign currency payments from overseas buyers.
