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Precious Stones – GST Rates & HSN Code 7103

09 Oct, 2023

Origin Chapter: Chapter 71

Discover GST rates and HSN code 7103 for Precious Stones. Get expert insights on gemstone taxation. Your guide to gem-related taxes.

HSN Code	Description	Rate (%)	Effective Date	Rate Revision
7103	Precious 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	0.25	1/10/2019 25/01/2018	omitted from 1.5% 0.25%
710310	Unworked Or Simply Sawn Or Roughly Shaped	0.25	1/10/2019 25/01/2018	omitted from 1.5% 0.25%
71031011	Precious 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 – Unwor	0.25	1/10/2019 25/01/2018	omitted from 1.5% 0.25%
71031012	Precious 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 – Unwor	0.25	1/10/2019 25/01/2018	omitted from 1.5% 0.25%
71031019	Precious 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 – Unwor	0.25	1/10/2019 25/01/2018	omitted from 1.5% 0.25%
71031021	Precious 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 – Unwor	0.25	1/10/2019 25/01/2018	omitted from 1.5% 0.25%
71031022	Precious 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 – Unwor	0.25	1/10/2019 25/01/2018	omitted from 1.5% 0.25%
71031023	Precious 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 – Unwor	0.25	1/10/2019 25/01/2018	omitted from 1.5% 0.25%
71031024	Precious 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 – Unwor	0.25	1/10/2019 25/01/2018	omitted from 1.5% 0.25%
71031029	Precious 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 – Unwor	0.25	1/10/2019 25/01/2018	omitted from 1.5% 0.25%
71031031	Emerald	0.25	1/10/2019 25/01/2018	omitted from 1.5% 0.25%
71031032	Yellow/Golden/Pink/Red/Green Beryl	0.25	1/10/2019 25/01/2018	omitted from 1.5% 0.25%
71031033	Chrysoberyl (Including Chrysoberyl Cat’S Eye)	0.25	1/10/2019 25/01/2018	omitted from 1.5% 0.25%
71031034	Alexandrite (Including Alexandrite Cat’S Eye)	0.25	1/10/2019 25/01/2018	omitted from 1.5% 0.25%
71031039	Other	0.25	1/10/2019 25/01/2018	omitted from 1.5% 0.25%
71031041	Ruby	0.25	1/10/2019 25/01/2018	omitted from 1.5% 0.25%
71031042	Sapphire	0.25	1/10/2019 25/01/2018	omitted from 1.5% 0.25%
71031043	Moonstone	0.25	1/10/2019 25/01/2018	omitted from 1.5% 0.25%
71031049	Other	0.25	1/10/2019 25/01/2018	omitted from 1.5% 0.25%
71031051	Garnet	0.25	1/10/2019 25/01/2018	omitted from 1.5% 0.25%
71031052	Lapis-Lazuli	0.25	1/10/2019 25/01/2018	omitted from 1.5% 0.25%
71031059	Other	0.25	1/10/2019 25/01/2018	omitted from 1.5% 0.25%
71031061	Prehnite	0.25	1/10/2019 25/01/2018	omitted from 1.5% 0.25%
71031062	Agate	0.25	1/10/2019 25/01/2018	omitted from 1.5% 0.25%
71031063	Aventurine	0.25	1/10/2019 25/01/2018	omitted from 1.5% 0.25%
71031064	Chalcedony	0.25	1/10/2019 25/01/2018	omitted from 1.5% 0.25%
71031069	Other	0.25	1/10/2019 25/01/2018	omitted from 1.5% 0.25%
71031071	Tourmaline	0.25	1/10/2019 25/01/2018	omitted from 1.5% 0.25%
71031072	Tanzanite	0.25	1/10/2019 25/01/2018	omitted from 1.5% 0.25%
71031079	Other	0.25	1/10/2019 25/01/2018	omitted from 1.5% 0.25%
71031090	Other	0.25	1/10/2019 25/01/2018	omitted from 1.5% 0.25%
710391	Ruby, Sapphire And Emeralds	0.25	1/10/2019 25/01/2018	omitted from 1.5% 0.25%
71039100	Precious 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 – Other	0.25	1/10/2019 25/01/2018	omitted from 1.5% 0.25%
71039110	Ruby	0.25	1/10/2019 25/01/2018	omitted from 1.5% 0.25%
71039120	Sapphire	0.25	1/10/2019 25/01/2018	omitted from 1.5% 0.25%
71039130	Emeralds	0.25	1/10/2019 25/01/2018	omitted from 1.5% 0.25%
710399	Other	0.25	1/10/2019 25/01/2018	omitted from 1.5% 0.25%
71039910	Precious 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 – Other	0.25	1/10/2019 25/01/2018	omitted from 1.5% 0.25%
71039911	Yellow/Golden/Pink/Red/Green Beryl	0.25	1/10/2019 25/01/2018	omitted from 1.5% 0.25%
71039912	Chrysoberyl (Including Chrysoberyl Cat’S Eye)	0.25	1/10/2019 25/01/2018	omitted from 1.5% 0.25%
71039913	Alexandrite (Including Alexandrite Cat’S Eye)	0.25	1/10/2019 25/01/2018	omitted from 1.5% 0.25%
71039919	Other	0.25	1/10/2019 25/01/2018	omitted from 1.5% 0.25%
71039920	Precious 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 – Other	0.25	1/10/2019 25/01/2018	omitted from 1.5% 0.25%
71039921	Moonstone	0.25	1/10/2019 25/01/2018	omitted from 1.5% 0.25%
71039929	Other	0.25	1/10/2019 25/01/2018	omitted from 1.5% 0.25%
71039930	Precious 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 – Other	0.25	1/10/2019 25/01/2018	omitted from 1.5% 0.25%
71039931	Garnet	0.25	1/10/2019 25/01/2018	omitted from 1.5% 0.25%
71039932	Lapis-Lazuli	0.25	1/10/2019 25/01/2018	omitted from 1.5% 0.25%
71039939	Other	0.25	1/10/2019 25/01/2018	omitted from 1.5% 0.25%
71039940	Precious 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 – Other	0.25	1/10/2019 25/01/2018	omitted from 1.5% 0.25%
71039941	Prehnite	0.25	1/10/2019 25/01/2018	omitted from 1.5% 0.25%
71039942	Agate	0.25	1/10/2019 25/01/2018	omitted from 1.5% 0.25%
71039943	Aventurine	0.25	1/10/2019 25/01/2018	omitted from 1.5% 0.25%
71039944	Chalcedony	0.25	1/10/2019 25/01/2018	omitted from 1.5% 0.25%
71039949	Other	0.25	1/10/2019 25/01/2018	omitted from 1.5% 0.25%
71039951	Tourmaline	0.25	1/10/2019 25/01/2018	omitted from 1.5% 0.25%
71039952	Tanzanite	0.25	1/10/2019 25/01/2018	omitted from 1.5% 0.25%
71039959	Other	0.25	1/10/2019 25/01/2018	omitted from 1.5% 0.25%
71039990	Precious 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 – Other	0.25	1/10/2019 25/01/2018	omitted from 1.5% 0.25%