Precious metals and jewellery
HSN Code 71023900 — GST Rate 1.5%
Diamonds, cut and polished
Total GST
1.5%
What the buyer pays
CGST + SGST
0.75% + 0.75%
Sale within your state
IGST
1.5%
Sale to another state
Work out the GST on 71023900
- Taxable value
- ₹1,000.00
- GST @ 1.5%
- ₹15.00
- CGST 0.75% (same state)
- ₹7.50
- SGST 0.75% (same state)
- ₹7.50
- Total
- ₹1,015.00
Is 71023900 the right code for what you sell?
HSN codes classify goods by what the item IS, not what it is used for. A 4-digit code is enough below ₹5 crore turnover; above that GST returns need 6 digits. These are the other codes in chapter 71:
- 7101Pearls, natural or cultured3%
- 7102Diamonds, unworked (rough)0.25%
- 71023100Diamonds, non-industrial, unworked0.25%
- 7103Precious stones (other than diamonds), unworked0.25%
- 71031010Emerald, ruby, sapphire, unworked0.25%
- 7104Synthetic or reconstructed stones3%
- 7105Dust and powder of precious stones3%
- 7106Silver, unwrought or semi-manufactured3%
- 71069100Silver, unwrought3%
- 7108Gold, unwrought or semi-manufactured3%
- 71081100Gold powder3%
- 71081200Gold, unwrought (bars, ingots)3%
Stop looking rates up one at a time
Growth System puts the HSN code and its rate on the item once, then every invoice, e-way bill and GSTR-1 line uses it. GST billing, stock and payments for Indian businesses — free to start, no card.
Start freeRates reflect the 56th GST Council restructure effective 22 September 2025, which abolished the 12% and 28% slabs. Classification is the taxpayer's responsibility — check the CBIC tariff for a borderline item.