GST Rate & HSN Code 711049 – OTHER PLATINUM

The HSN code for OTHER PLATINUM, UNWROUGHT OR IN SEMI-MANUFACTURED FORM, OR IN POWDER FORM is 711049. This code falls under Chapter 71 of the GST HSN classification system, which covers OTHER PLATINUM, UNWROUGHT OR IN SEMI-MANUFACTURED FORM, OR IN POWDER FORM. It is used for accurate product classification during GST invoicing, return filing, and tax compliance.

HSN code 711049 falls under Chapter 71 of the GST HSN classification, which covers OTHER PLATINUM, UNWROUGHT OR IN SEMI-MANUFACTURED FORM, OR IN POWDER FORM. Chapter 71 groups all related products together to standardize GST rates and simplify tax classification for businesses dealing with OTHER PLATINUM, UNWROUGHT OR IN SEMI-MANUFACTURED FORM, OR IN POWDER FORM.

Yes, registered businesses can generally claim Input Tax Credit (ITC) on GST paid for OTHER PLATINUM, UNWROUGHT OR IN SEMI-MANUFACTURED FORM, OR IN POWDER FORM under HSN code 711049, provided it is used for business purposes, and all ITC conditions under the GST Act are met. Consult a RegisterKaro expert for clarification.

Yes, mentioning HSN code 711049 on your GST invoice for OTHER PLATINUM, UNWROUGHT OR IN SEMI-MANUFACTURED FORM, OR IN POWDER FORM is mandatory. The number of digits required (4, 6, or 8) depends on your annual turnover as per CBIC rules. Correct HSN mention ensures accurate tax calculation and smooth return filing.