710510
OF DIAMONDS :
Tax Calculator for 710510
E-Way Bill Rules
For of diamonds :, the E-Way Bill threshold is ₹50,000. Since the rate is 3%, you must generate a bill if the Taxable Value exceeds ₹48,543.
Example Calculation
- Base Value: ₹48,543
- + GST (3%): ₹1,456.29
- Total Invoice: ~₹50,000
Invoice Example
Breakdown for a sample invoice value of ₹1,000:
Compliance & Validation
HSN 710510 falls under Chapter 71. It is mandatory to mention this code on invoices if your annual turnover exceeds ₹5 Crore. For turnover below ₹5 Crore, mentioning the 4-digit code (7105) is sufficient for B2B invoices.
Ensure that you charge 1.5% CGST and 1.5% SGST for intra-state supplies of of diamonds :. For inter-state supplies, the full 3% IGST applies.
Frequently Asked Questions
Q: What is the GST Rate for HSN Code 710510?
The GST rate for HSN Code 710510 (OF DIAMONDS :) is 3%.
Q: Is HSN 710510 eligible for Input Tax Credit (ITC)?
ITC availability is classified as 'check'. Generally, businesses can claim ITC unless used for personal consumption or blocked under Section 17(5).
Q: How to calculate GST amount for OF DIAMONDS :?
Multiply the taxable value by 0.03. For ₹1000 value, GST is ₹30.
Q: Does Reverse Charge (RCM) apply?
No, standard Forward Charge applies.