Chapter 71 of the GST framework covers Natural Or Cultured Pearls, P, and HSN Code 71171920 specifically identifies Imitation Jewellery - Of Base Metal, Whether Or Not Plated With Precious Metal : Other: German Silver Jewellery for taxation purposes. This classification is mandatory for all businesses engaged in the supply of Imitation Jewellery - Of Base Metal, Whether Or Not Plated With Precious Metal : Other: German Silver Jewellery. Tax rates applicable include CGST at 1.50%, SGST/UTGST at 1.50%, and IGST at 3.00% 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 71171920
For Imitation Jewellery - Of Base Metal, Whether Or Not Plated With Precious Metal : Other: German Silver Jewellery classified under HSN Code 71171920, tax computation follows GST principles. CGST at 1.50% plus SGST/UTGST at 1.50% covers intrastate sales. IGST at 3.00% applies to interstate transactions. kg. is the prescribed measurement for Natural Or Cultured Pearls, P under Chapter 71.
Who Should Use HSN Code 71171920?
All businesses supplying Imitation Jewellery - Of Base Metal, Whether Or Not Plated With Precious Metal : Other: German Silver Jewellery are obligated to use HSN 71171920 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
Planning to trade in Imitation Jewellery - Of Base Metal, Whether Or Not Plated With Precious Metal : Other: German Silver Jewellery? Complete GST registration to legally collect taxes on goods under HSN 71171920. Businesses importing or exporting Natural Or Cultured Pearls, P products require an Import Export Code. AD Code registration is essential for exporters to process international payments. Entrepreneurs should secure company registration as the foundational step.
Why Correct Classification Matters
Accurate application of HSN Code 71171920 for Imitation Jewellery - Of Base Metal, Whether Or Not Plated With Precious Metal : Other: German Silver Jewellery enables legitimate input tax credit claims and prevents assessment disputes. Businesses under Chapter 71 – Natural Or Cultured Pearls, P should monitor rate updates (1.50%, 1.50%, 3.00%) through official notifications to maintain seamless compliance.
Frequently Asked Questions (FAQs)
What is the unit of measurement for HSN 71171920?
The standard unit of measurement for Imitation Jewellery - Of Base Metal, Whether Or Not Plated With Precious Metal : Other: German Silver Jewellery under HSN Code 71171920 is kg.. All invoices and GST returns must reflect quantities using this measurement standard.
Is HSN Code 71171920 mandatory for small businesses?
Yes, businesses dealing in Imitation Jewellery - Of Base Metal, Whether Or Not Plated With Precious Metal : Other: German Silver Jewellery must use HSN 71171920 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 Imitation Jewellery - Of Base Metal, Whether Or Not Plated With Precious Metal : Other: German Silver Jewellery?
Using incorrect classification can result in wrong tax calculation, rejected input credits, and penalties during assessment. Always verify HSN 71171920 for Natural Or Cultured Pearls, P goods before invoicing.
Do I need AD Code registration for exporting Imitation Jewellery - Of Base Metal, Whether Or Not Plated With Precious Metal : Other: German Silver Jewellery?
Yes, AD Code registration is required for exporters dealing in Imitation Jewellery - Of Base Metal, Whether Or Not Plated With Precious Metal : Other: German Silver Jewellery under Natural Or Cultured Pearls, P. This registration links your bank account to process foreign currency payments from overseas buyers.
