What products are classified under HSN 7118
It includes Coin
HSN Sub Chapter 7118 represents Coin under GST classification. This code helps businesses identify Coin correctly for billing, taxation, and trade. With HSN Sub Chapter 7118, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Coin.
GST Rate for Coin under HSN Code 7118. 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 |
|---|---|---|---|---|
| 71 | 7118 | Coin | 3% | 3% |
Following Tariff HSN code falls under Coin:
| Tariff HSN | Description |
|---|---|
| Coin (other than gold coin), not being legal tender | |
| Coin (other than gold coin), not being legal tender | |
| Other | |
| Other |
Coin (other than gold coin), not being legal tender
Coin (other than gold coin), not being legal tender
Other
Other
It includes Coin
Use a delivery challan for sending Coin to the job worker. Declare movement in your records and reconcile when the goods return. If the job worker raises a service invoice, classify it under SAC; your goods remain under the original HSN.
Repair/service is a service supply (SAC). Parts and materials used are goods and may be billed separately with HSN. Mention both lines clearly to avoid mixing service and goods values.
Include HSN, exact description, pack size/grade, quantity, and if pre‑packaged & labelled. Maintain purchase specs, test reports (where relevant), and job‑work challans for audit trail.
Some entries use MRP/weight‑based conditions for classification. Keep pack size, retail marking and brand status on records and invoice to support the chosen HSN.
Not always. Spares are often classified by their own description or by the function/part rule. Check if a specific sub‑heading exists for parts of the main item and describe the part on the invoice.
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.