Gold HSN Code
GST rates and HSN code for Gold.
| Chapter | Description | HSN Code | Rate (%) | CESS (%) | Effective Date | Rate Revision |
|---|---|---|---|---|---|---|
| Clocks and watches and parts thereof | Watch Straps, Watch Bands And Watch Bracelets, And Parts Thereof Of Base Metal, Whether Or Not Gold– Or Silverplated:Parts | 91132010 | 18% | – | 15/11/2017 | – |
| Of Base Metal, Whether Or Not Gold– Or Silver-Plated | 911320 | 18% | – | 15/11/2017 | – | |
| Watch Cases And Parts Thereof Cases Of Base Metal, Whether Or Not Gold– Or Silver-Plated | 91112000 | 18% | – | 15/11/2017 | – | |
| Natural or cultured pearls, precious or semi-precious stones, precious metals, metals clad with precious metal, and articles thereof; imitation jewelry; coin | 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, Un | 71131910 | 3% | – | 01/07/2017 | – |
| Gold (Including Gold Plated With Platinum) Unwrought Or In Semi-Manufactured Forms, Or In Powder Form – Non-Monetary | 7108 | 3% | – | 01/07/2017 | – | |
| Base Metals Or Silver, Clad With Gold, Not Further Worked Than Semi-Manufactured | 71090000 | 3% | – | 01/07/2017 | – | |
| Base Metals, Silver Or Gold, Clad With Platinum, Not Further Worked Than Semimanufactured | 71110000 | 3% | – | 01/07/2017 | – | |
| Base Metals, Silver Or Gold, Clad With Platinum, Not Further Worked Than Semimanufactured | 7111 | 3% | – | 01/07/2017 | – | |
| Silver (Including Silver Plated With Gold Or Platinum), Unwrought Or In Semi-Manufactured Forms, Or In Powder Form – Other : Unwrought | 71069100 | 3% | – | 01/07/2017 | – | |
| Gold (Including Gold Plated With Platinum) Unwrought Or In Semi-Manufactured Forms, Or In Powder Form – Non-Monetary : Other Semi-Manufactured Forms | 71081300 | 3% | – | 01/07/2017 | – | |
| Articles Of Goldsmiths Or Silversmiths Wares 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 | 7114 | 3% | – | 01/07/2017 | – | |
| 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, Se | 71131920 | 3% | – | 01/07/2017 | – | |
| Coin – Coin (Other Than Gold Coin), Not Being Legal Tender | 71181000 | 3% | – | 01/07/2017 | – | |
| Silver (Including Silver Plated With Gold Or Platinum), Unwrought Or In Semi-Manufactured Forms, Or In Powder Form Semi-Manufactured : Other | 71069290 | 3% | – | 01/07/2017 | – | |
| Articles Of Goldsmiths Or Silversmiths Wares 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 Silver, Whether Or Not Plated Or Clad With Precious Metal:Par | 71141120 | 3% | – | 01/07/2017 | – | |
| Articles Of Goldsmiths Or Silversmiths Wares And Parts Thereof, Of Precious Metal Or Of Metal Clad With Precious Metal – Of Base Metal Clad With Precious Metal : Parts | 71142030 | 3% | – | 01/07/2017 | – | |
| Ores, slag and ash | Precious Metal Ores And Concentrates – Other : Gold Ores And Concentrates | 26169010 | 5% | – | 01/07/2017 | – |
| Inorganic chemicals, organic or inorganic compounds of precious metals, of rare-earth metals, of radioactive | Colloidal Precious Metals; Inorganic Or Organic Compounds Of Precious Metals, Whether Or Not Chemically Defined; Amalgams Of Precious Metals – Colloidal Precious Metals : Of Gold | 28431010 | 18% | – | 01/07/2017 | – |
| Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silkworm gut) | Articles Of Gut (Other Than Silk-Worm Gut), Of Goldbeater`S Skin, Of Bladders Or Of Tendons — For Rackets | 42060010 | 18% | – | 15/11/2017 | – |
| Articles Of Gut (Other Than Silk-Worm Gut), Of Goldbeateps Skin, Of Bladders Or Of Tendons — Other | 42060090 | 18% | – | 15/11/2017 | – |
Understanding Gold HSN Codes and GST Rates
Gold, in its various forms, holds significant economic and cultural value. For businesses dealing with gold, understanding the correct Harmonized System of Nomenclature (HSN) codes and their corresponding Goods and Services Tax (GST) rates is crucial for accurate classification and compliance. Let’s explore the diverse categories of gold and related products.
Gold in its Pure and Semi-Manufactured Forms
When we talk about gold in its primary states, we refer to it as unwrought (raw) or in semi-manufactured forms like bars, rods, or powder. These fall under “Natural or cultured pearls, precious or semi-precious stones, precious metals, metals clad with precious metal, and articles thereof; imitation jewelry; coin.”
Specific HSN codes for these forms include:
- Gold (Including Gold Plated With Platinum) Unwrought Or In Semi-Manufactured Forms, Or In Powder Form – Non-Monetary: This broad category comes under HSN 7108 and carries a 3% GST rate.
- Gold (Including Gold Plated With Platinum) Unwrought Or In Semi-Manufactured Forms, Or In Powder Form – Non-Monetary : Other Semi-Manufactured Forms: Specifically HSN 71081300, also with a 3% GST.
These rates have been effective since July 1, 2017.
Gold in Jewellery and Articles
Finished gold products, such as jewellery and goldsmiths’ wares, also have specific classifications:
- 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, Un (meaning unstudded): This is covered by HSN 71131910 and has a 3% GST.
- 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, Se (meaning studded): This falls under HSN 71131920 and also carries a 3% GST.
- Articles Of Goldsmiths Or Silversmiths Wares 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: This general category for goldsmiths’ wares is under HSN 7114 with a 3% GST.
All these classifications for jewellery and articles have been in effect since July 1, 2017.
Gold in Other Forms and Applications
Gold also appears in other diverse classifications:
- Gold Ores And Concentrates: Under “Ores, slag and ash,” this is classified as HSN 26169010 and has a 5% GST rate, effective from July 1, 2017.
- Colloidal Precious Metals; Inorganic Or Organic Compounds Of Precious Metals, Whether Or Not Chemically Defined; Amalgams Of Precious Metals – Colloidal Precious Metals : Of Gold: This chemical form of gold is under HSN 28431010 and has an 18% GST rate, effective from July 1, 2017.
- Watch Straps, Watch Bands And Watch Bracelets, And Parts Thereof Of Base Metal, Whether Or Not Gold- Or Silverplated: Parts (HSN 91132010) and Of Base Metal, Whether Or Not Gold- Or Silver-Plated (HSN 911320) related to watches, if gold-plated, carry an 18% GST, effective from November 15, 2017.
- Watch Cases And Parts Thereof Cases Of Base Metal, Whether Or Not Gold- Or Silver-Plated (HSN 91112000) also attract an 18% GST, effective from November 15, 2017.
- Articles Of Gut (Other Than Silk-Worm Gut), Of Goldbeater`S Skin, Of Bladders Or Of Tendons — For Rackets (HSN 42060010) and — Other (HSN 42060090) are relevant if goldbeater’s skin, which involves gold, is used. These have an 18% GST, effective from November 15, 2017.
Facebook
Twitter
Instagram
LinkedIn
Youtube
