About HSN Code 71031042

HSN Code 71031042 covers Sapphire and attracts a GST rate of 0.25%. For intra-state supplies, this is split as 0.125% CGST + 0.125% SGST. For inter-state supplies, 0.25% IGST is charged. This code falls under the Fashion & Accessories sector (Footwear, headgear, jewellery, pearls).

How to Use HSN Code 71031042 on GST Invoices

• Include the HSN code 71031042 on every GST invoice for sapphire
• Businesses with turnover above ₹5 crore must use 6-digit HSN codes
• Turnover between ₹1.5–5 crore: 4-digit codes are sufficient
• The HSN code must match the product/service description on your invoice
• Incorrect HSN codes can lead to GST notices and ITC mismatches

Related HSN Codes

• 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 - Unworked or Simply Sawn or Roughly Shaped: Precious Stones: Emerald
• 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 - Unworked or Simply Sawn or Roughly Shaped: Precious Stones: Ruby and Sapphire
• 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 - Unworked or Simply Sawn or Roughly Shaped: Precious Stones: Other
• 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 - Unworked or Simply Sawn or Roughly Shaped: Semi-precious Stones: Feldspar (moon Stone)
• 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 - Unworked or Simply Sawn or Roughly Shaped: Semi-precious Stones: Garnet

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Last verified: 2026-06-26 · Source: CBIC Master Tariff