Under the GST regime, HSN Code 72021100 classifies Ferro-Alloys - Ferro-Manganese : Containing By Weight More Than 2% Of Carbon within Chapter 72 – Iron And Steel. This code is essential for businesses to correctly calculate and remit taxes on Ferro-Alloys - Ferro-Manganese : Containing By Weight More Than 2% Of Carbon. The applicable rates are CGST at 0.09, SGST/UTGST at 0.09 for within-state sales, and IGST at 0.18 for interstate supplies. Goods are quantified using kg..

HSN Codes under Chapter 72 – Iron And Steel

Below are related HSN codes from Chapter 72 – Iron And Steel for your reference:

Chapter HSN Code Description CGST SGST/UTGST IGST
Iron And Steel... 72011000 Pig Iron And Spiegeleisen In Pigs, Blocks Or Other... 0.09 0.09 0.18
Iron And Steel... 72012000 Pig Iron And Spiegeleisen In Pigs, Blocks Or Other... 0.09 0.09 0.18
Iron And Steel... 72015010 Pig Iron And Spiegeleisen In Pigs, Blocks Or Other... 9.00% 9.00% 18.00%
Iron And Steel... 72015090 Pig Iron And Spiegeleisen In Pigs, Blocks Or Other... 0.09 0.09 0.18
Iron And Steel... 72021900 Ferro-Alloys - Ferro-Manganese : Other 0.09 0.09 0.18
Iron And Steel... 72022100 Ferro-Alloys - Ferro-Silicon: Containing By Weight... 0.09 0.09 0.18
Iron And Steel... 72022900 Ferro-Alloys - Ferro-Silicon: Other 0.09 0.09 0.18
Iron And Steel... 72023000 Ferro-Alloys - Ferro-Silico-Manganese 0.09 0.09 0.18
Iron And Steel... 72024100 Ferro-Alloys - Ferro-Chromium : Containing By Weig... 0.09 0.09 0.18
Iron And Steel... 72024900 Ferro-Alloys - Ferro-Chromium : Other 0.09 0.09 0.18

GST Rates for HSN 72021100

The tax structure for Ferro-Alloys - Ferro-Manganese : Containing By Weight More Than 2% Of Carbon under HSN Code 72021100 follows a dual taxation model. CGST is levied at 0.09 and SGST/UTGST at 0.09 for intrastate sales. Interstate transactions attract IGST at 0.18. All invoices must record quantities in kg. as the standard measurement for goods under Chapter 72 – Iron And Steel.

Who Should Use HSN Code 72021100?

Any business engaged in supplying Ferro-Alloys - Ferro-Manganese : Containing By Weight More Than 2% Of Carbon must apply HSN 72021100 on invoices. The Iron And Steel category under Chapter 72 requires this classification for wholesalers, retailers, exporters, and online marketplaces alike.

Business Registration Requirements

Commencing trade in Ferro-Alloys - Ferro-Manganese : Containing By Weight More Than 2% Of Carbon? Secure GST registration to handle taxes on HSN 72021100 classified goods. Businesses with international operations in Iron And Steel need an Import Export Code. Exporters require AD Code registration for foreign currency receipts. Start with company registration to formalize your business structure.

Why Correct Classification Matters

Using HSN Code 72021100 accurately for Ferro-Alloys - Ferro-Manganese : Containing By Weight More Than 2% Of Carbon avoids compliance issues and facilitates credit claims. Monitor changes to 0.09, 0.09, and 0.18 rates for Chapter 72 – Iron And Steel to maintain accurate filings and smooth business operations.

Frequently Asked Questions (FAQs)

How many digits of HSN Code 72021100 should I mention on invoices?

The number of HSN digits depends on your annual turnover. Businesses with turnover above Rs 5 crore must mention 6 digits, while others may use 4 digits. Always use the complete HSN 72021100 for accurate classification of Ferro-Alloys - Ferro-Manganese : Containing By Weight More Than 2% Of Carbon.

Can I claim input tax credit on Ferro-Alloys - Ferro-Manganese : Containing By Weight More Than 2% Of Carbon purchases?

Yes, registered businesses can claim input tax credit on Ferro-Alloys - Ferro-Manganese : Containing By Weight More Than 2% Of Carbon purchases made under HSN 72021100. Ensure your supplier mentions correct HSN code and GST rates (0.09, 0.09) on the invoice.

What is the difference between CGST and IGST for HSN 72021100?

CGST at 0.09 plus SGST/UTGST at 0.09 applies when Ferro-Alloys - Ferro-Manganese : Containing By Weight More Than 2% Of Carbon is sold within the same state. IGST at 0.18 is charged when goods move across state borders or are imported.

Is Import Export Code necessary for trading Ferro-Alloys - Ferro-Manganese : Containing By Weight More Than 2% Of Carbon domestically?

No, Import Export Code is only required if you plan to import or export Ferro-Alloys - Ferro-Manganese : Containing By Weight More Than 2% Of Carbon internationally. For domestic trade within Iron And Steel, GST registration is sufficient.

More HSN codes from Chapter 72

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