What is HSN Code for Gold
The HSN code for gold depends on its form. Here’s a breakdown:
HSN Code 7108: This code applies to gold (including gold plated with platinum) in the following forms:
- 7108 11 00: Gold powder
- 7108 12 00: Other unwrought forms of gold (e.g., gold bars, gold nuggets)
- 7108 13 00: Other semi-manufactured forms of gold (e.g., gold sheets, gold wires)
- 7108 20 00: Monetary gold (e.g., gold coins)
HSN Code 7113: This code applies to articles of jewelry made of precious metals, including gold.
- 7113 11: Jewelry of gold with filigree work or studded with gems
- 7113 19: Other articles of jewelry of gold (including unstudded, set with pearls, diamonds, or other precious/semi-precious stones)6
Important Note:
- The GST rate for all the HSN codes mentioned above is 3%.
- It’s crucial to use the correct HSN code based on the specific form of gold you are dealing with. This ensures accurate GST calculation and compliance.
If you’re unsure about the correct HSN code for your gold product, it’s always best to consult with a tax professional or refer to the official HSN code list provided by the GST authorities.