HSN Code 71042090: Industrial

HSN Code 71042090 represents Industrial under GST classification. This code helps businesses identify Industrial correctly for billing, taxation, and trade. With HSN Code 71042090, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Industrial.

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Description of Goods for HSN Code 71042090

HSN Code 71042090 relates to the following description.

Description of Goods

Other

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

7104 - Synthetic or reconstructed precious or semiprecious stones, whether or not worked or graded but not strung, mounted or set; ungraded synthetic or reconstructed precious or semi-precious stones, temporarily strung for convenience of transport

CGST

0%

SGST

0%

IGST

0%

CESS

0%

What does HSN Code 71042090 not include?

Industrial does not include products with the following descriptions.

Synthetic or reconstructed precious or semiprecious stones, whether or not worked or graded but not strung, mounted or set; ungraded synthetic or reconstructed precious or semi-precious stones, temporarily strung for convenience of transport - other, unworked or simply sawn or roughly shaped

Laboratory-created or laboratory grown or manmade or cultured or synthetic diamonds

Other, unworked or simply sawn or roughly shaped: Other (other than those specified in .125% rate entry )

Synthetic or reconstructed precious or semi-precious stones, whether or not worked or graded but not strung,mounted or set; ungraded synthetic or reconstructed precious or semi-precious stones, temporarily strung for convenience of transport-other-laboratory created or laboratory grown or manmade or cultured or synthetic diamonds

Synthetic or reconstructed precious or semi-precious stones, whether or not worked or graded but not strung,mounted or set; ungraded synthetic or reconstructed precious or semi-precious stones, temporarily strung for convenience of transport-other-laboratory created or laboratory grown or manmade or cultured or synthetic diamonds-other

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Frequently Asked Questions

Clear answers to common queries about HSN Code 71042090 and GST compliance.

What products are classified under HSN 71042090 ?

It includes Studded with other precious and semi-precious stones

Do e‑way bill and e‑invoice apply for Industrial?

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.

How should mixed supplies be billed when Industrial is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Industrial; Nil for exempt items if applicable).

How much GST applies to Industrial?

Under HSN 71042090, Industrial attracts Varies when sold in taxable form. Describe the exact form on the invoice.

Any common misclassification issue with Industrial?

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

Can we claim ITC on inputs used to trade Industrial?

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

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.