The GST rate on platinum is 3%, under HSN code 7110 (platinum). Here is the full breakdown, a worked example, and related rates in Jewellery.
GST rate breakdown for platinum
GST rate: 3%
Intra-state: 1.5% CGST + 1.5% SGST
Inter-state: 3% IGST
HSN code on the invoice: 7110
Rates reflect the GST 2.0 structure effective 22 September 2025 (slabs 0%, 5%, 18%, 40%). Confirm the current rate on the official GST portal before invoicing.
Worked example: GST on platinum
Taxable value: ₹10,000
GST (3%): ₹300
Within state: ₹150 CGST + ₹150 SGST
To another state: ₹300 IGST
Invoice total: ₹10,300
FAQs about GST on platinum
What is the GST rate on platinum?
The GST rate on platinum is 3%. Intra-state it is 1.5% CGST + 1.5% SGST; inter-state it is 3% IGST. Platinum falls under HSN code 7110.
What is the HSN code for platinum?
Platinum falls under HSN code 7110, which covers platinum. Show this code on every GST tax invoice line for platinum.