GST Rate on Diamonds
Everything you need to know about the GST taxation for Diamonds in India, including HSN code 7102 and the exact tax breakdown.
Applicable GST Rate
Diamonds, whether or not worked, but not mounted or set
1.5%
HSN/SAC Code
7102
Tax Split (Intra-State)
CGST: 0.75% + SGST: 0.75%
Calculate GST on Diamonds
Tax Amount: ₹0.00
Total Inclusive Price: ₹0.00
Understanding Diamonds GST & HSN Code 7102
If you are dealing in Diamonds, it is mandatory to apply the correct GST rate of 1.5% on your invoices. The government classifies this under the HSN/SAC code 7102.
When selling intra-state (within the same state), this tax is split equally into CGST and SGST. For inter-state sales, the full rate is charged as IGST.
Frequently Asked Questions
What is the exact GST rate on Diamonds?
The applicable GST rate for Diamonds is 1.5%.
What is the HSN code for Diamonds?
The harmonized system code (HSN/SAC) for Diamonds is 7102. It is mandatory to mention this code on tax invoices for B2B transactions.