Within Chapter 71 – Natural Or Cultured Pearls, P, HSN Code 71131915 serves as the official classification for Articles Of Jewellery And Parts Thereof, Of Precious Metal Or Of Metal Clad With Precious Metal - Of Precious Metal Whether Or Not Plated Or Clad With Precious Metal: Of Other Precious Metal, Whether Or Not Plated Or Clad With Precious Metal: Of Gold: Studd. This code determines tax rates and compliance obligations for all entities trading in Articles Of Jewellery And Parts Thereof, Of Precious Metal Or Of Metal Clad With Precious Metal - Of Precious Metal Whether Or Not Plated Or Clad With Precious Metal: Of Other Precious Metal, Whether Or Not Plated Or Clad With Precious Metal: Of Gold: Studd. CGST applies at 1.50%, SGST/UTGST at 1.50% for local transactions, and IGST at 3.00% for interstate supplies. Measurement is standardized in 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 71131915
Goods classified as Articles Of Jewellery And Parts Thereof, Of Precious Metal Or Of Metal Clad With Precious Metal - Of Precious Metal Whether Or Not Plated Or Clad With Precious Metal: Of Other Precious Metal, Whether Or Not Plated Or Clad With Precious Metal: Of Gold: Studd under HSN 71131915 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 71131915?
Any business engaged in supplying Articles Of Jewellery And Parts Thereof, Of Precious Metal Or Of Metal Clad With Precious Metal - Of Precious Metal Whether Or Not Plated Or Clad With Precious Metal: Of Other Precious Metal, Whether Or Not Plated Or Clad With Precious Metal: Of Gold: Studd must apply HSN 71131915 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
Commencing trade in Articles Of Jewellery And Parts Thereof, Of Precious Metal Or Of Metal Clad With Precious Metal - Of Precious Metal Whether Or Not Plated Or Clad With Precious Metal: Of Other Precious Metal, Whether Or Not Plated Or Clad With Precious Metal: Of Gold: Studd? Secure GST registration to handle taxes on HSN 71131915 classified goods. Businesses with international operations in Natural Or Cultured Pearls, P need an Import Export Code. Exporters require AD Code registration for foreign currency receipts. Start with company registration to formalize your business structure.
Why Correct Classification Matters
Proper use of HSN Code 71131915 for Articles Of Jewellery And Parts Thereof, Of Precious Metal Or Of Metal Clad With Precious Metal - Of Precious Metal Whether Or Not Plated Or Clad With Precious Metal: Of Other Precious Metal, Whether Or Not Plated Or Clad With Precious Metal: Of Gold: Studd streamlines audit processes and supports valid credit claims. Stay updated on 1.50%, 1.50%, and 3.00% rates for Chapter 71 – Natural Or Cultured Pearls, P through government circulars to ensure uninterrupted 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 71131915 for accurate classification of Articles Of Jewellery And Parts Thereof, Of Precious Metal Or Of Metal Clad With Precious Metal - Of Precious Metal Whether Or Not Plated Or Clad With Precious Metal: Of Other Precious Metal, Whether Or Not Plated Or Clad With Precious Metal: Of Gold: Studd.
Yes, registered businesses can claim input tax credit on Articles Of Jewellery And Parts Thereof, Of Precious Metal Or Of Metal Clad With Precious Metal - Of Precious Metal Whether Or Not Plated Or Clad With Precious Metal: Of Other Precious Metal, Whether Or Not Plated Or Clad With Precious Metal: Of Gold: Studd purchases made under HSN 71131915. 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 Articles Of Jewellery And Parts Thereof, Of Precious Metal Or Of Metal Clad With Precious Metal - Of Precious Metal Whether Or Not Plated Or Clad With Precious Metal: Of Other Precious Metal, Whether Or Not Plated Or Clad With Precious Metal: Of Gold: Studd 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 Articles Of Jewellery And Parts Thereof, Of Precious Metal Or Of Metal Clad With Precious Metal - Of Precious Metal Whether Or Not Plated Or Clad With Precious Metal: Of Other Precious Metal, Whether Or Not Plated Or Clad With Precious Metal: Of Gold: Studd internationally. For domestic trade within Natural Or Cultured Pearls, P, GST registration is sufficient.