HSN Code 71021000: Precious Stones (Not Elsewhere Specified)

HSN Code 71021000 represents Precious Stones (Not Elsewhere Specified) under GST classification. This code helps businesses identify Precious Stones (Not Elsewhere Specified) correctly for billing, taxation, and trade. With HSN Code 71021000, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Precious Stones (Not Elsewhere Specified).

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Description of Goods for Precious Stones (Not Elsewhere Specified)

HSN Code 71021000 relates to the following description:

Chapter Number Chapter Name Sub Chapter Number Sub Chapter Name Description of Goods CGST
(%)
SGST
(%)
IGST
(%)
CESS
(%)
71 Natural or cultured pearls, precious or semi-precious stones, precious metals, metals clad with precious metal, and articles thereof; imitation jewellery; coin 7102 Diamonds, whether or not worked, but not mounted or set Unsorted 0.125% 0.125% 0.25% 0%
71 Natural or cultured pearls, precious or semi-precious stones, precious metals, metals clad with precious metal, and articles thereof; imitation jewellery; coin 7102 Diamonds, whether or not worked, but not mounted or set Unsorted 0.125% 0.125% 0.25% 0%

Description of goods

Unsorted

Chapter

71 – Natural or cultured pearls, precious or semi-precious stones, precious metals, metals clad with precious metal, and articles thereof; imitation jewellery; coin

Sub Chapter

7102 – Diamonds, whether or not worked, but not mounted or set

CGST 0.125%
SGST 0.125%
IGST 0.25%
CESS 0%

Description of goods

Unsorted

Chapter

71 – Natural or cultured pearls, precious or semi-precious stones, precious metals, metals clad with precious metal, and articles thereof; imitation jewellery; coin

Sub Chapter

7102 – Diamonds, whether or not worked, but not mounted or set

CGST 0.125%
SGST 0.125%
IGST 0.25%
CESS 0%

What does HSN Code 71021000 not include?

Precious Stones (Not Elsewhere Specified) does not include products with the following descriptions:

HSN Code Description
Industrial : Unworked or simply sawn, cleaved or bruted: Sorted
Industrial : Unworked or simply sawn, cleaved or bruted: Sorted
Industrial : Unworked or simply sawn, cleaved or bruted: Unsorted
Industrial : Unworked or simply sawn, cleaved or bruted: Unsorted
Industrial : Other : Crushed
Industrial : Other : Crushed
Industrial : Other : Crushed (other than those specified in .125% rate entry )
Industrial : Other : Crushed (other than those specified in .125% rate entry )
Industrial : Other : Other
Industrial : Other : Other
Industrial : Other : Other (other than those specified in .125% rate entry )
Industrial : Other : Other (other than those specified in .125% rate entry )
Non-industrial : Unworked or simply sawn, cleaved or bruted
Non-industrial : Unworked or simply sawn, cleaved or bruted
Non-industrial : Others : Diamond, cut or otherwise worked but not mounted or set
Non-industrial : Others : Diamond, cut or otherwise worked but not mounted or set
Non-industrial : Others : Diamond, cut or otherwise worked but not mounted or set (other than those specified in .125% rate entry )
Non-industrial : Others : Diamond, cut or otherwise worked but not mounted or set (other than those specified in .125% rate entry )
Non-industrial : Others : Other
Non-industrial : Others : Other
Non-industrial : Others : Other (other than those specified in .125% rate entry )
Non-industrial : Others : Other (other than those specified in .125% rate entry )

Industrial : Unworked or simply sawn, cleaved or bruted: Sorted

Industrial : Unworked or simply sawn, cleaved or bruted: Sorted

Industrial : Unworked or simply sawn, cleaved or bruted: Unsorted

Industrial : Unworked or simply sawn, cleaved or bruted: Unsorted

Industrial : Other : Crushed

Industrial : Other : Crushed

Industrial : Other : Crushed (other than those specified in .125% rate entry )

Industrial : Other : Crushed (other than those specified in .125% rate entry )

Industrial : Other : Other

Industrial : Other : Other

Industrial : Other : Other (other than those specified in .125% rate entry )

Industrial : Other : Other (other than those specified in .125% rate entry )

Non-industrial : Unworked or simply sawn, cleaved or bruted

Non-industrial : Unworked or simply sawn, cleaved or bruted

Non-industrial : Others : Diamond, cut or otherwise worked but not mounted or set

Non-industrial : Others : Diamond, cut or otherwise worked but not mounted or set

Non-industrial : Others : Diamond, cut or otherwise worked but not mounted or set (other than those specified in .125% rate entry )

Non-industrial : Others : Diamond, cut or otherwise worked but not mounted or set (other than those specified in .125% rate entry )

Non-industrial : Others : Other

Non-industrial : Others : Other

Non-industrial : Others : Other (other than those specified in .125% rate entry )

Non-industrial : Others : Other (other than those specified in .125% rate entry )

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Case Laws Related to HSN Code 71021000

Order Number Description
Shri M. Srinivas (Naa (National Anti Profiteering Authority), )

Shri M. Srinivas (Naa (National Anti Profiteering Authority), )

FAQs for HSN Code 71021000

What products are classified under HSN 71021000 ?

It includes Other Precious Stones – Unworked

Does packaging or labelling change the GST for Precious Stones (Not Elsewhere Specified)?

For food/agri items, GST can be 5% when not fresh/chilled and sold as pre‑packaged & labelled; otherwise often Nil. For non‑food items, rates depend on the specific sub‑heading.

Any common misclassification issue with Precious Stones (Not Elsewhere Specified)?

Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.

How should mixed supplies be billed when Precious Stones (Not Elsewhere Specified) is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Precious Stones (Not Elsewhere Specified); Nil for exempt items if applicable).

How much GST applies to Precious Stones (Not Elsewhere Specified)?

Under HSN 71021000, Precious Stones (Not Elsewhere Specified) attracts Varies when sold in taxable form. Describe the exact form on the invoice.

Can we claim ITC on inputs used to trade Precious Stones (Not Elsewhere Specified)?

If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.

Do e‑way bill and e‑invoice apply for Precious Stones (Not Elsewhere Specified)?

e‑Way bill is needed above ₹50,000 consignment value (subject to exemptions). e‑Invoicing is turnover‑based (presently AATO > ₹5 crore) for B2B supplies.

Important Disclaimer

The above does not constitute professional advice or a formal recommendation. We recommend consulting a professional tax consultant before acting on the information contained in this piece of content.

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