HSN Codes chevron_right Section 14 chevron_right Chapter 71 chevron_right Sub Chapter 7118

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7118 HSN Code: 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.

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New GST Rate for HSN Code 7118

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%

Chapter: 71

Description: Coin

New GST Rate: 3% Old GST Rate: 3%

Tariff HSN Codes under HSN Sub Chapter 7118

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

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FAQs for Sub Chapter 7118

What products are classified under HSN 7118

It includes Coin

How should I document Coin sent for job work?

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.

If I repair and return Coin, how should I charge GST?

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.

What should my invoice and records include for Coin?

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.

Does MRP, weight or pack size change GST treatment for Coin?

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.

Do spares or accessories of Coin follow the same 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.

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.

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HSN Codes:
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