Gold jewellery HSN Code
GST rates and HSN code for Gold jewellery.
| Chapter | Description | HSN Code | Rate (%) | CESS (%) | Effective Date | Rate Revision |
|---|---|---|---|---|---|---|
| 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 | – |
| 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 | – | |
| 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 | 71131930 | 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 Silver, Whether Or Not Plated Or Clad With Other Precious Metal: Jewellery Studded W | 71131120 | 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 | 71131940 | 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 | – | |
| Imitation Jewellery | 7117 | 0% | – | 01/07/2017 | – | |
| Articles Of Jewellery And Parts Thereof, Of Precious Metal Or Of Metal Clad With Precious Metal – Of Base Metal Clad With Precious Metal | 71132000 | 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 | – | |
| 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 | – | |
| 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 | – |
| Services | Imitation Jewellery Manufacturing Services | 998893 | 1.5/5/12/18 | Nil Provided that Director (Sports), Ministry of Youth Affairs and Sports certifies that the services are directly or indirectly related to any of the events under FIFA U-17 Women’s World Cup 2020. Explanation- For the purposes of this entry, the term “bus body building” shall include building of body on chassis of any vehicle falling under chapter 87 in the First Schedule to the Customs Tariff Act, 1975.” | 1/10/2019 25/01/2018 13/10/2017 22/08/2017 | – |
Understanding the Gold Jewellery HSN Code for GST
For jewelers and consumers alike in India, understanding the correct HSN (Harmonized System of Nomenclature) code for gold jewellery is as crucial as understanding its purity. Accurate HSN classification ensures proper GST (Goods and Services Tax) application and smooth transactions in the vibrant Indian gold market.
The Gold Jewellery HSN Code and GST Rate
Gold jewellery, a significant cultural and financial asset in India, falls under Chapter 71 of the HSN system. This chapter broadly covers “Natural or cultured pearls, precious or semi-precious stones, precious metals, metals clad with precious metal, and articles thereof; imitation jewelry; coin.”
Based on the provided data and common industry practice in India, the most relevant HSN codes for gold jewellery are under the main heading 7113. This specifically covers “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.”
Within HSN 7113, several specific 8-digit codes are relevant to gold jewellery:
- 71131910: “Of Gold, Unset” (This generally covers plain gold jewellery without precious stones).
- 71131920: “Of Gold, Set With Pearls”
- 71131930: “Of Gold, Set With Diamond”
- 71131940: “Of Gold, Set With Precious And Semi Precious Stones Other Than Diamonds”
All these specific categories of gold jewellery, classified under HSN 7113, attract a 3% GST rate. This rate became effective on July 1, 2017.
It’s important to distinguish gold jewellery from other related HSN codes in the provided data:
- 7108: This code is for “Gold (Including Gold Plated With Platinum) Unwrought Or In Semi-Manufactured Forms, Or In Powder Form – Non-Monetary.” This refers to raw gold or gold in semi-finished forms (like bars or ingots), not finished jewellery. It also attracts 3% GST.
- 7117: This HSN code is specifically for “Imitation Jewellery,” which generally attracts a different (and often higher, currently 12%) GST rate. The data shows 0% which may be an old or special case rate.
- 71132000: This covers “Articles Of Jewellery And Parts Thereof, Of Base Metal Clad With Precious Metal,” implying a base metal with a precious metal coating, not solid precious metal jewellery. It also attracts 3% GST.
Why HSN Codes are Essential for Your Jewellery Business
Accurate HSN code classification is fundamental for several reasons:
- GST Compliance: The HSN code directly dictates the applicable GST rate, ensuring businesses charge and remit the correct amount of tax to the government, avoiding penalties.
- Transparent Pricing: Clear HSN codes contribute to transparent pricing, allowing consumers to understand the tax component of their gold jewellery purchase.
- Seamless Trade: HSN codes provide a universal language for goods, simplifying customs procedures for both domestic and international trade, leading to smoother transactions.
- Preventing Disputes: Proper classification minimizes the likelihood of disagreements with tax authorities regarding product categorization and tax applicability.
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