HSN Code 7118
Coin, including legal tender
HSN Code7118
DescriptionCoin, including legal tender
CategoryPrecious Metals & Stones
GST Rate3%
CGST + SGST (Intra-state)1.5% + 1.5%
IGST (Inter-state)3%
Example Calculation
On a taxable value of ₹10,000.00: GST = ₹300.00, Total = ₹10,300.00
Related HSN Codes in Precious Metals & Stones
| HSN Code | Description | GST Rate |
|---|---|---|
| 7101 | Pearls, natural or cultured | 3% |
| 7102 | Diamonds, worked or unworked | 0.25% |
| 7103 | Precious stones (rubies, sapphires, emeralds) | 3% |
| 7104 | Synthetic or reconstructed precious stones | 3% |
| 7106 | Silver, unwrought or semi-manufactured | 3% |
| 7108 | Gold, unwrought or semi-manufactured | 3% |
| 7110 | Platinum, unwrought or semi-manufactured | 3% |
| 7115 | Articles of precious metal (wire, foil, tubes) | 3% |
About HSN Code 7118
HSN code 7118 is used to classify coin, including legal tender under the Goods and Services Tax (GST) system in India. This code falls under the Precious Metals & Stones category and attracts a GST rate of 3%.
HSN (Harmonized System of Nomenclature) is an internationally standardized system of names and numbers to classify traded products. Under GST, businesses with turnover above ₹5 crore must report 6-digit HSN codes on invoices, while those between ₹1.5 crore and ₹5 crore must report 4-digit codes.