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S. No.	Chapter/Heading/ Sub-heading/ Tariff item	Description of Goods
1.	7101	Pearls, natural or cultured, whether or not worked or graded but not strung, mounted or set; pearls, natural or cultured, temporarily strung for convenience of transport
2.	7102	Diamonds, whether or not worked, but not mounted or set [other than Non-Industrial Unworked or simply sawn, cleaved or bruted]
3.	7103	Precious stones (other than diamonds) and semi-precious stones, whether or not worked or graded but not strung, mounted or set; ungraded precious stones (other than diamonds) and semi-precious stones, temporarily strung for convenience of transport [other than Unworked or simply sawn or roughly shaped]
4.	7104	Synthetic or reconstructed precious or semi-precious stones, whether or not worked or graded but not strung, mounted or set; ungraded synthetic or reconstructed precious or semi-precious stones, temporarily strung for convenience of transport [other than Unworked or simply sawn or roughly shaped]
5.	7105	Dust and powder of natural or synthetic precious or semi-precious stones
6.	7106	Silver (including silver plated with gold or platinum), unwrought or in semi-manufactured forms, or in powder form

7.	7107	Base metals clad with silver, not further worked than semi-manufactured
8.	7108	Gold (including gold plated with platinum) unwrought or in semi-manufactured forms, or in powder form
9.	7109	Base metals or silver, clad with gold, not further worked than semi-manufactured
10.	7110	Platinum, unwrought or in semi-manufactured forms, or in powder form
11.	7111	Base metals, silver or gold, clad with platinum, not further worked than semi-manufactured
12.	7112	Waste and scrap of precious metal or of metal clad with precious metal; other waste and scrap containing precious metal or precious metal compounds, of a kind used principally for the recovery of precious metal.
13.	7113	Articles of jewellery and parts thereof, of precious metal or of metal clad with precious metal
14.	7114	Articles of goldsmiths’ or silversmiths’ wares and parts thereof, of precious metal or of metal clad with precious metal
15.	7115	Other articles of precious metal or of metal clad with precious metal
16.	7116	Articles of natural or cultured pearls, precious or semi-precious stones (natural, synthetic or reconstructed)
17.	7117	Imitation jewellery
18.	7118	Coin

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FAQs on List of Goods at 3% Rate - Rate Lists for Goods - Learn About GST : Updates and Rules

1. What is the 3% rate list for goods under GST?

Ans. The 3% rate list for goods under GST includes various items such as gold, silver, precious stones, and jewelry. These goods are subject to a GST rate of 3% when sold or purchased.

2. Are all goods taxed at a 3% rate under GST?

Ans. No, not all goods are taxed at a 3% rate under GST. The 3% rate is specifically applicable to certain goods like gold, silver, precious stones, and jewelry. Other goods may have different GST rates depending on their category and classification.

3. Are there any exemptions or concessions for goods under the 3% rate list?

Ans. Yes, there are exemptions and concessions available for goods under the 3% rate list. For example, certain handmade jewelry or jewelry made from natural materials may be eligible for concessional rates or exemptions. It is advisable to consult the GST rate lists and notifications for specific details on exemptions and concessions.

4. How is the 3% GST rate calculated for goods?

Ans. The 3% GST rate is calculated on the transaction value of the goods. The transaction value includes the price paid or payable for the goods, any taxes, duties, charges, or expenses incurred for the delivery of the goods, and any consideration for the supply of services in relation to the goods.

5. Can I claim input tax credit on goods taxed at the 3% rate under GST?

Ans. Yes, you can claim input tax credit on goods taxed at the 3% rate under GST, provided you meet the necessary conditions. Input tax credit allows you to offset the GST paid on inputs or raw materials against the GST liability on the output. However, it is important to maintain proper records and comply with the prescribed rules and regulations to avail input tax credit.

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