What products are classified under HSN 7115
It includes Precious Metal Items
HSN Sub Chapter 7115 represents Precious Metal Items under GST classification. This code helps businesses identify Precious Metal Items correctly for billing, taxation, and trade. With HSN Sub Chapter 7115, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Precious Metal Items.
GST Rate for Precious Metal Items under HSN Code 7115. Understand Current Tax Rates, Exemptions, and Legal Classifications to Ensure Accurate Billing and GST Filing.
| Chapter No | HSN Code | HSN Description | New GST Rate | Old GST Rate |
|---|---|---|---|---|
| 71 | 7115 | Other articles of precious metal or of metal clad with precious metal | 3% | 3% |
Chapter: 71
Description: Other articles of precious metal or of metal clad with precious metal
Following Tariff HSN code falls under Precious Metal Items:
| Tariff HSN | Description |
|---|---|
| Catalysts in the from of wire cloth or grill, of platinum | |
| Catalysts in the from of wire cloth or grill, of platinum | |
| Other: Laboratory and industrial articles of precious metal | |
| Other: Laboratory and industrial articles of precious metal | |
| Other: Spinneret’s made mainly of gold | |
| Other: Spinneret’s made mainly of gold | |
| Other: Other | |
| Other: Other |
Catalysts in the from of wire cloth or grill, of platinum
Catalysts in the from of wire cloth or grill, of platinum
Other: Laboratory and industrial articles of precious metal
Other: Laboratory and industrial articles of precious metal
Other: Spinneret’s made mainly of gold
Other: Spinneret’s made mainly of gold
Other: Other
Other: Other
It includes Precious Metal Items
Reverse charge in goods is notified only for specific categories. Most regular B2B sales of Precious Metal Items are forward charge. Check the current notifications for any special cases before deciding.
Not always. Spares are often classified by their own description or by the function/part rule. Check if a specific sub‑heading exists for parts of the main item and describe the part on the invoice.
Ensure registration requirements are met and reconcile the operator’s TCS statements with your GSTR‑2B/3B. Map SKU descriptions to HSN to reduce mismatches and returns.
Some entries use MRP/weight‑based conditions for classification. Keep pack size, retail marking and brand status on records and invoice to support the chosen HSN.
Yes. Many food/agri goods are treated differently when sold as pre‑packaged & labelled retail packs versus loose/open packs. If Precious Metal Items is sold in small pouches (e.g., 500 g) with an MRP and label, record that on the invoice. Loose bulk bags often follow a different treatment.
Repair/service is a service supply (SAC). Parts and materials used are goods and may be billed separately with HSN. Mention both lines clearly to avoid mixing service and goods values.
The above does not constitute professional advice or a formal recommendation. We recommend consulting a professional tax consultant before acting on the information contained in this piece of content.