71031023Tariff Item (8-digit)Section XIV

HSN Code 71031023 – Precious Stones (Other Than Diamonds) And Semiprecious Stones, Whether Or Not Worked Or…

Full GST classification for Precious Stones (Other Than Diamonds) And Semiprecious Stones, Whether Or Not Worked Or… — chapter, heading and tariff hierarchy, GST rate slabs and related HSN codes. Updated for India GST.

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HSN Code

71031023

Chapter

71

Digits

8-digit

Section

XIV

What is HSN Code 71031023?

HSN code 71031023 is the Harmonized System of Nomenclature classification for Precious Stones (Other Than Diamonds) And Semiprecious Stones, Whether Or Not Worked Or… under India's Goods and Services Tax (GST). It is a 8-digit code sitting at the tariff item (8-digit) level of the HSN hierarchy.

This code belongs to Chapter 71 — Natural Or Cultured Pearls, Precious Or Semi-Precious Stones,…, which is part of Section XIV: Pearls, Precious Stones & Metals. Every GST-registered business supplying precious stones (other than diamonds) and semiprecious stones, whether or not worked or… must quote HSN 71031023 (or the digit-length required for its turnover) on tax invoices and in GSTR-1.

Classification breakdown of 71031023

LevelCodeDescription
Chapter71natural or cultured pearls, precious or semi-precious stones, precious metals, metals clad with precious metal, and articles thereof; imitation jewellery; coin
Heading7103precious stones (other than diamonds) and semi precious stones, whether or not worked or graded but not strung, mounted or set, ungraded precious stones (other than diamonds) and semi-precious stones, temporarily strung for convenience of transport.
Sub-heading710310unworked or simply sawn or roughly shaped:
Tariff71031023precious stones (other than diamonds) and semiprecious stones, whether or not worked or graded but not strung, mounted or set; ungraded precious stones (other than diamonds) and semi-precious stones, temporarily strung for convenience of transport - unworked or simply sawn or roughly shaped: semi-precious stones: agate

GST rate for HSN 71031023

Goods under HSN 71031023 attract GST at one of the five standard slabs. The exact rate depends on the specific product and the latest GST Council notification — always confirm before invoicing.

0%

Nil / Exempt

Fresh produce, milk, cereals, books

5%

Merit rate

Essentials, packaged food, transport

12%

Standard-low

Processed food, mobiles, apparel > ₹1,000

18%

Standard

Most goods, electronics, services

28%

Demerit / luxury

Cars, cement, aerated drinks, tobacco

Find the exact GST rate for Precious Stones (Other Than Diamonds) And Semiprecious Stones, Whether Or Not Worked Or… →

Related HSN codes

HSN CodeDescription
71031011precious stones (other than diamonds) and semiprecious stones, whether or not worked or graded but not strung, mounted or set; ungraded precious stones (other than diamonds) and semi-precious stones, temporarily strung for convenience of transport - unworked or simply sawn or roughly shaped: precious stones: emerald
71031012precious stones (other than diamonds) and semiprecious stones, whether or not worked or graded but not strung, mounted or set; ungraded precious stones (other than diamonds) and semi-precious stones, temporarily strung for convenience of transport - unworked or simply sawn or roughly shaped: precious stones: ruby and sapphire
71031019precious stones (other than diamonds) and semiprecious stones, whether or not worked or graded but not strung, mounted or set; ungraded precious stones (other than diamonds) and semi-precious stones, temporarily strung for convenience of transport - unworked or simply sawn or roughly shaped: precious stones: other
71031021precious stones (other than diamonds) and semiprecious stones, whether or not worked or graded but not strung, mounted or set; ungraded precious stones (other than diamonds) and semi-precious stones, temporarily strung for convenience of transport - unworked or simply sawn or roughly shaped: semi-precious stones: feldspar (moon stone)
71031022precious stones (other than diamonds) and semiprecious stones, whether or not worked or graded but not strung, mounted or set; ungraded precious stones (other than diamonds) and semi-precious stones, temporarily strung for convenience of transport - unworked or simply sawn or roughly shaped: semi-precious stones: garnet
71031024precious stones (other than diamonds) and semiprecious stones, whether or not worked or graded but not strung, mounted or set; ungraded precious stones (other than diamonds) and semi-precious stones, temporarily strung for convenience of transport - unworked or simply sawn or roughly shaped: semi-precious stones: green aventurine
71031029precious stones (other than diamonds) and semiprecious stones, whether or not worked or graded but not strung, mounted or set; ungraded precious stones (other than diamonds) and semi-precious stones, temporarily strung for convenience of transport - unworked or simply sawn or roughly shaped: semi-precious stones: other
71031031emerald
71031032yellow/golden/pink/red/green beryl
71031033chrysoberyl (including chrysoberyl cat's eye)
71031034alexandrite (including alexandrite cat's eye)
71031039other
71031041ruby
71031042sapphire
71031043moonstone
71031049other
71031051garnet
71031052lapis-lazuli
71031059other
71031061prehnite
71031062agate
71031063aventurine
71031064chalcedony
71031069other
71031071tourmaline
71031072tanzanite
71031079other
71031090other

HSN Code 71031023 — FAQs

What is HSN code 71031023?

HSN code 71031023 classifies "Precious Stones (Other Than Diamonds) And Semiprecious Stones, Whether Or Not Worked Or…" under India's GST regime. It falls under Chapter 71 (Natural Or Cultured Pearls, Precious Or Semi-Precious Stones,…) of the Harmonized System of Nomenclature.

How many digits is HSN code 71031023?

71031023 is a 8-digit HSN code — a tariff item (8-digit). Businesses declare 4-digit HSN (turnover up to ₹5 crore) or 6-digit HSN (above ₹5 crore) on GST invoices; 8-digit codes are used for exports and imports.

What is the GST rate for HSN code 71031023?

Goods under HSN 71031023 are taxed at one of the GST slabs — 0%, 5%, 12%, 18% or 28% — depending on the exact product and the latest GST Council notification. Use the Laabam.One GST Rate Finder to confirm the current rate for Precious Stones (Other Than Diamonds) And Semiprecious Stones, Whether Or Not Worked Or….

Which chapter does HSN code 71031023 belong to?

HSN 71031023 belongs to Chapter 71 — Natural Or Cultured Pearls, Precious Or Semi-Precious Stones,…, part of Section XIV: Pearls, Precious Stones & Metals.

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