Rate at a Glance
Chapter 71
GST rate guide
Gold, silver, platinum and jewellery are taxed at 3%. Rough diamonds and precious stones attract 0.25%, and cut and polished diamonds 1.5%.
Use this rate in hisabkitab: start free
Rates reflect GST changes effective 22 September 2025. Confirm the rate for your exact product description before filing.
All 8 HSN codes under 7102
| HSN code | Description |
|---|---|
| 71021000 | Unsorted |
| 71022110 | 21 diamonds, whether or not worked, but not mounted or set - industrial: unworked or simply sawn, cleaved or bruted: sorted |
| 71022120 | 21 diamonds, whether or not worked, but not mounted or set - industrial: unworked or simply sawn, cleaved or bruted: unsorted |
| 71022910 | Industrial: other: crushed |
| 71022990 | Industrial: other: other |
| 71023100 | Non-industrial: unworked or simply sawn, cleaved or bruted |
| 71023910 | Non-industrial: others: diamond, cut or otherwise worked but not mounted or set |
| 71023990 | Non-industrial: others: other |
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FAQs
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