About HSN Code 71162000
HSN Code 71162000 covers Of Precious or Semi-precious Stones (natural, Synthetic or Reconstructed) and attracts a GST rate of 3%. For intra-state supplies, this is split as 1.5% CGST + 1.5% SGST. For inter-state supplies, 3% IGST is charged. This code falls under the Fashion & Accessories sector (Footwear, headgear, jewellery, pearls).
How to Use HSN Code 71162000 on GST Invoices
- Include the HSN code 71162000 on every GST invoice for of precious or semi-precious stones (natural, synthetic or reconstructed)
- 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
- 71161000 — Of Natural or Cultured Pearls
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Last verified: 2026-06-26 · Source: CBIC Master Tariff