HSN code 71123000 is the 8-digit tariff item for ash containing precious metal or precious metal compounds, under heading 7112 and sub-heading 711230 (Chapter 71). GST is 3% or 18%, depending on the exact description of the goods in each entry. Rates as of 2026-10-21.
HSN 71123000 at a glance
| Tariff item (8 digits) | 71123000 |
|---|---|
| Heading (4 digits) | 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 other than goods of heading 8549 |
| Sub-heading (6 digits) | 711230: Ash containing precious metal or precious metal compounds |
| Chapter | 71: Natural or cultured pearls, precious or semi-precious stones, precious metals, metals clad with precious metal, and articles thereof; imitation jewellery; coin |
| Description | Ash containing precious metal or precious metal compounds |
| GST rate | 3% or 18%, by description |
The rate for 71123000 depends on the exact description of the goods in each entry. 3% under 9/2025-CT(R), Schedule IV, S. No. 9 for "Waste and scrap of precious metal or of metal clad with precious metal; other waste...". Goods that match none of these descriptions fall under the 18% residual entry.
Rate entries that can apply
The description is the notification's own wording. An entry applies only when the goods match it; for 71123000 the deciding question is the exact description of the goods in each entry.
| HSN scope | Description of goods | GST | CGST + SGST | Entry |
|---|---|---|---|---|
| 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. | 3% | 1.5% + 1.5% | 9/2025-CT(R), Schedule IV, S. No. 9 |
| Any | Goods which are not specified in Schedule I, III, IV, V, VI or VII (residual entry, for goods of 71123000 that match none of the descriptions above) | 18% | 9% + 9% | 9/2025-CT(R), Schedule II, S. No. 639 |
Worked example: a ₹1,000 sale under HSN 71123000
Work out which entry your goods fall under first; the tax on a ₹1,000.00 sale then is:
- At 3%: CGST ₹15.00 + SGST ₹15.00 (or IGST ₹30.00), invoice total ₹1,030.00.
- At 18%: CGST ₹90.00 + SGST ₹90.00 (or IGST ₹180.00), invoice total ₹1,180.00.
For other amounts, or to work back from a tax-inclusive price, use the GST calculator.
How many HSN digits to print on the invoice
Notification 78/2020-Central Tax sets the minimum by aggregate turnover in the previous financial year: up to ₹5 crore, at least 4 digits (7112) on tax invoices to registered buyers (optional on B2C invoices); above ₹5 crore, at least 6 digits (711230) on all tax invoices. Exports and imports are declared on the shipping bill or bill of entry under the full 8-digit tariff item (71123000), so most exporters print 8 digits on their GST invoices too.
The HSN-wise summary in GSTR-1 uses the same code, so set it once on the item in your billing software. FundRaksha Book stores the HSN and GST rate on each item, splits CGST, SGST and IGST on every bill, and keeps stock and party ledgers alongside.
Other tariff items under heading 7112
- HSN 71129100: Waste and scrap of precious metal or of metal clad with precious metal; other waste and scrap containing... (3% or 18%)
- HSN 71129200: Waste and scrap of precious metal or of metal clad with precious metal; other waste and scrap containing... (3% or 18%)
- HSN 71129910: Waste and scrap of precious metal or of metal clad with precious metal; other waste and scrap containing... (3% or 18%)
- HSN 71129920: Sweepings containing gold or silver (3% or 18%)
See every rate entry for the heading on the HSN 7112 page, or all Chapter 71 headings.
Sources
Codes and descriptions: GSTN HSN master (HSN_SAC.xlsx, sheet HSN_MSTR), GST portal, file dated 13.10.2026, read on 21.10.2026; descriptions were converted from capitals and joined with their heading and sub-heading text. Rates: Rates from Notification 9/2025-Central Tax (Rate), 17.09.2025, as amended by Notification 19/2025-Central Tax (Rate) (from 01.02.2026) and Notification 01/2026-Central Tax (Rate) (from 01.05.2026); nil-rated goods from Notification 10/2025-Central Tax (Rate); bricks from Notification 14/2025-Central Tax (Rate).