Chapter 71 of the GST framework covers Natural Or Cultured Pearls, P, and HSN Code 71159090 specifically identifies Other Articles Of Precious Metal Or Of Metal Clad With Precious Metal - Other: Other for taxation purposes. This classification is mandatory for all businesses engaged in the supply of Other Articles Of Precious Metal Or Of Metal Clad With Precious Metal - Other: Other. Tax rates applicable include CGST at 0.015, SGST/UTGST at 0.015, and IGST at 0.03 for interstate movements. The standard 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 71159090
Goods classified as Other Articles Of Precious Metal Or Of Metal Clad With Precious Metal - Other: Other under HSN 71159090 are taxed based on transaction type. Local sales attract CGST at 0.015 plus SGST/UTGST at 0.015. For supplies crossing state boundaries, IGST at 0.03 applies. Documentation must reflect kg. as the measurement standard for Chapter 71 – Natural Or Cultured Pearls, P products.
Who Should Use HSN Code 71159090?
Manufacturers, wholesalers, retailers, and exporters dealing in Other Articles Of Precious Metal Or Of Metal Clad With Precious Metal - Other: Other are required to mention HSN 71159090 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 Other Articles Of Precious Metal Or Of Metal Clad With Precious Metal - Other: Other market requires essential registrations. GST registration enables legal tax collection on HSN 71159090 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
Correct HSN Code 71159090 application for Other Articles Of Precious Metal Or Of Metal Clad With Precious Metal - Other: Other ensures smooth input credit utilization and assessment processes. Track 0.015, 0.015, and 0.03 rate changes for Chapter 71 – Natural Or Cultured Pearls, P through official notifications for continuous compliance.
Frequently Asked Questions (FAQs)
What is HSN Code 71159090 used for?
HSN Code 71159090 is used to classify Other Articles Of Precious Metal Or Of Metal Clad With Precious Metal - Other: Other under Chapter 71 – Natural Or Cultured Pearls, P for GST purposes. Businesses must mention this code on invoices to ensure correct tax calculation and compliance.
What are the GST rates applicable on HSN 71159090?
For Other Articles Of Precious Metal Or Of Metal Clad With Precious Metal - Other: Other, CGST applies at 0.015 and SGST/UTGST at 0.015 for intrastate supplies. Interstate transactions are taxed under IGST at 0.03.
Do I need GST registration to trade in Other Articles Of Precious Metal Or Of Metal Clad With Precious Metal - Other: Other?
Yes, GST registration is mandatory for businesses dealing in Other Articles Of Precious Metal Or Of Metal Clad With Precious Metal - Other: Other under HSN 71159090. This enables you to legally collect taxes and claim input credits on purchases.
What registrations are required for importing Other Articles Of Precious Metal Or Of Metal Clad With Precious Metal - Other: Other?
For importing goods under Natural Or Cultured Pearls, P, you need GST registration along with an Import Export Code. Exporters should also obtain AD Code registration for processing international payments.
