HSN Code 71159020 represents Spinnerets Made Mainly of Gold under GST classification. This code helps businesses identify Spinnerets Made Mainly of Gold correctly for billing, taxation, and trade. With HSN Code 71159020, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Spinnerets Made Mainly of Gold.
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HSN Code 71159020 relates to the following description.
Description of Goods
Other: Spinneret’s made mainly of gold
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
7115 - Other articles of precious metal or of metal clad with precious metal
CGST
1.5%
SGST
1.5%
IGST
3%
CESS
0%
Spinnerets Made Mainly of Gold does not include products with the following descriptions.
Catalysts in the from of wire cloth or grill, of platinum
Other: Laboratory and industrial articles of precious metal
Other: Other
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 71159020 and GST compliance.
It includes Coin
Under HSN 71159020, Spinnerets Made Mainly of Gold attracts Varies when sold in taxable form. Describe the exact form on the invoice.
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 Spinnerets Made Mainly of Gold; Nil for exempt items if applicable).
If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.
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.