Within Chapter 71 – Natural Or Cultured Pearls, P, HSN Code 71159020 serves as the official classification for Other Articles Of Precious Metal Or Of Metal Clad With Precious Metal - Other: Spinnerets Made Mainly Of Gold. This code determines tax rates and compliance obligations for all entities trading in Other Articles Of Precious Metal Or Of Metal Clad With Precious Metal - Other: Spinnerets Made Mainly Of Gold. 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 71159020
The taxation of Other Articles Of Precious Metal Or Of Metal Clad With Precious Metal - Other: Spinnerets Made Mainly Of Gold under HSN Code 71159020 depends on supply location. Intrastate transactions require CGST at 1.50% and SGST/UTGST at 1.50%. Interstate supplies are charged IGST at 3.00%. Invoices should consistently use kg. for Natural Or Cultured Pearls, P goods under Chapter 71.
Who Should Use HSN Code 71159020?
All businesses supplying Other Articles Of Precious Metal Or Of Metal Clad With Precious Metal - Other: Spinnerets Made Mainly Of Gold are obligated to use HSN 71159020 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
Entering the Other Articles Of Precious Metal Or Of Metal Clad With Precious Metal - Other: Spinnerets Made Mainly Of Gold market requires essential registrations. GST registration enables legal tax collection on HSN 71159020 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
Accurate HSN Code 71159020 usage for Other Articles Of Precious Metal Or Of Metal Clad With Precious Metal - Other: Spinnerets Made Mainly Of Gold 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)
Which chapter does HSN Code 71159020 belong to?
HSN Code 71159020 falls under Chapter 71 – Natural Or Cultured Pearls, P in the GST tariff schedule. This chapter covers various goods including Other Articles Of Precious Metal Or Of Metal Clad With Precious Metal - Other: Spinnerets Made Mainly Of Gold.
Is IGST applicable on Other Articles Of Precious Metal Or Of Metal Clad With Precious Metal - Other: Spinnerets Made Mainly Of Gold?
Yes, IGST at 3.00% is applicable when Other Articles Of Precious Metal Or Of Metal Clad With Precious Metal - Other: Spinnerets Made Mainly Of Gold is supplied interstate or imported. For local sales within a state, CGST at 1.50% and SGST/UTGST at 1.50% apply instead.
Can e-commerce sellers use HSN Code 71159020?
Yes, e-commerce sellers dealing in Other Articles Of Precious Metal Or Of Metal Clad With Precious Metal - Other: Spinnerets Made Mainly Of Gold must use HSN 71159020 on their invoices. This applies to all online platforms operating under Natural Or Cultured Pearls, P classification.
How do I start an import business for Natural Or Cultured Pearls, P goods?
To import goods under Natural Or Cultured Pearls, P, complete GST registration first, then obtain an Import Export Code from DGFT. Proper company registration provides the legal foundation for your import operations.
