About HSN Code 7112

HSN Code 7112 covers 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 Other Than Goods of Heading 8549 and attracts a GST rate of 3%. For intra-state supplies, this is split as 1.5% CGST + 1.5% SGST. For inter-state supplies, 3% IGST is charged.

How to Use HSN Code 7112 on GST Invoices

• Include the HSN code 7112 on every GST invoice for 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 other than goods of heading 8549
• Businesses with turnover above ₹5 crore must use 6-digit HSN codes
• Turnover between ₹1.5–5 crore: 4-digit codes are sufficient
• The HSN code must match the product/service description on your invoice
• Incorrect HSN codes can lead to GST notices and ITC mismatches

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