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New GST Rate for HSN Code 7116

GST Rate for Precious stone articles under HSN Code 7116. Understand Current Tax Rates, Exemptions, and Legal Classifications to Ensure Accurate Billing and GST Filing

Chapter No
HSN Code
HSN Description
New GST Rate
Old GST Rate
Chapter No
71
HSN Code
7116
HSN Description
Articles of natural or cultured pearls, precious or semi-precious stones(natural, synthetic or reconstructed)
New GST Rate
3%
Old GST Rate
3%

Tariff HSN Codes under HSN Sub Chapter 7116

Following Tariff HSN code falls under HSN Sub Chapter 7116:

Tariff HSN
Description
Tariff HSN
71161000
Description
Of natural or cultured pearls
Tariff HSN
71161000
Description
Of natural or cultured pearls
Tariff HSN
71162000
Description
Of precious or semi-precious stones (natural, synthetic or reconstructed)
Tariff HSN
71162000
Description
Of precious or semi-precious stones (natural, synthetic or reconstructed)

Case Laws Related to Sub Chapter 7116

Order Number
Description
Description
Pooja Enterprise(Nishith Vipinchandra Shah) (AAAR (Appellate Authority For Advance Ruling), Gujarat)

Important Disclaimer

The entire content on this page has been arranged to the best of the author's understanding and is subject to periodic updates as per the law for the time being in force. The above does not constitute professional advice or a formal recommendation. While due care has been taken in preparing this content, the existence of mistakes and omissions cannot be ruled out. BUSY Infotech Private Ltd. and its associates will not be held responsible for any loss or damage arising from any inaccurate or incomplete information in this document. We recommend consulting a professional tax consultant before acting on the information contained in this piece of content.