About HSN Code 71042010

HSN Code 71042010 covers Laboratory-created or laboratory grown or manmade or cultured or synthetic diamonds 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.

How to Use HSN Code 71042010 on GST Invoices

• Include the HSN code 71042010 on every GST invoice for laboratory-created or laboratory grown or manmade or cultured or synthetic diamonds
• 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

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