HSN Code 71082000 represents Monetary Gold under GST classification. This code helps businesses identify Monetary Gold correctly for billing, taxation, and trade. With HSN Code 71082000, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Monetary Gold.
Manage correct HSN codes and GST rates with BUSY.
HSN Code 71082000 relates to the following description.
Description of Goods
Monetary
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
7108 - Gold (including gold plated with platinum) unwrought or in semi-manufactured forms, or in powder form
CGST
1.5%
SGST
1.5%
IGST
3%
CESS
0%
Monetary Gold does not include products with the following descriptions.
Non-monetary : Powder
Non-monetary : Other unwrought forms
Non-monetary : Other unwrought forms : Containing 99.5 per cent. or more by weight of Gold
Non-monetary : Other unwrought forms : Other non-monetary gold in other unwrought forms, containing less than 99.5 per cent. by weight of gold
Non-monetary : Other semi-manufactured forms
Non-monetary : Other semi-manufactured forms : Containing 99.5 per cent. or more by weight of gold
Non-monetary : Other semi-manufactured forms : Other non-monetary gold in other semi-manufactured forms, containing less than 99.5 per cent. by weight of gold
Non-monetary : Powder
Non-monetary : Other unwrought forms
Non-monetary : Other unwrought forms : Containing 99.5 per cent. or more by weight of Gold
Non-monetary : Other unwrought forms : Other non-monetary gold in other unwrought forms, containing less than 99.5 per cent. by weight of gold
Non-monetary : Other semi-manufactured forms
Non-monetary : Other semi-manufactured forms : Containing 99.5 per cent. or more by weight of gold
Non-monetary : Other semi-manufactured forms : Other non-monetary gold in other semi-manufactured forms, containing less than 99.5 per cent. by weight of gold
BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.
Clear answers to common queries about HSN Code 71082000 and GST compliance.
It includes Synthetic Precious Stones of Other Types
Under HSN 71082000, Monetary Gold attracts Varies when sold in taxable form. Describe the exact form on the invoice.
If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.
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.
Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Monetary Gold; Nil for exempt items if applicable).
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.