Within Chapter 72 – Iron And Steel, HSN Code 72028000 serves as the official classification for Ferro-Alloys - Ferro Tungsten And Ferro-Silico-Tungsten. This code determines tax rates and compliance obligations for all entities trading in Ferro-Alloys - Ferro Tungsten And Ferro-Silico-Tungsten. CGST applies at 0.09, SGST/UTGST at 0.09 for local transactions, and IGST at 0.18 for interstate supplies. Measurement is standardized in 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... 72021100 Ferro-Alloys - Ferro-Manganese : Containing By Wei... 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

GST Rates for HSN 72028000

The taxation of Ferro-Alloys - Ferro Tungsten And Ferro-Silico-Tungsten under HSN Code 72028000 depends on supply location. Intrastate transactions require CGST at 0.09 and SGST/UTGST at 0.09. Interstate supplies are charged IGST at 0.18. Invoices should consistently use kg. for Iron And Steel goods under Chapter 72.

Who Should Use HSN Code 72028000?

Any business engaged in supplying Ferro-Alloys - Ferro Tungsten And Ferro-Silico-Tungsten must apply HSN 72028000 on invoices. The Iron And Steel category under Chapter 72 requires this classification for wholesalers, retailers, exporters, and online marketplaces alike.

Business Registration Requirements

Entering the Ferro-Alloys - Ferro Tungsten And Ferro-Silico-Tungsten market requires essential registrations. GST registration enables legal tax collection on HSN 72028000 goods. For cross-border trade in Iron And Steel items, secure an Import Export Code. Exporters additionally need AD Code registration for bank processing. Begin with company registration to establish your business entity.

Why Correct Classification Matters

Accurate application of HSN Code 72028000 for Ferro-Alloys - Ferro Tungsten And Ferro-Silico-Tungsten enables legitimate input tax credit claims and prevents assessment disputes. Businesses under Chapter 72 – Iron And Steel should monitor rate updates (0.09, 0.09, 0.18) through official notifications to maintain seamless compliance.

Frequently Asked Questions (FAQs)

What is HSN Code 72028000 used for?

HSN Code 72028000 is used to classify Ferro-Alloys - Ferro Tungsten And Ferro-Silico-Tungsten under Chapter 72 – Iron And Steel for GST purposes. Businesses must mention this code on invoices to ensure correct tax calculation and compliance.

What are the GST rates applicable on HSN 72028000?

For Ferro-Alloys - Ferro Tungsten And Ferro-Silico-Tungsten, CGST applies at 0.09 and SGST/UTGST at 0.09 for intrastate supplies. Interstate transactions are taxed under IGST at 0.18.

Do I need GST registration to trade in Ferro-Alloys - Ferro Tungsten And Ferro-Silico-Tungsten?

Yes, GST registration is mandatory for businesses dealing in Ferro-Alloys - Ferro Tungsten And Ferro-Silico-Tungsten under HSN 72028000. This enables you to legally collect taxes and claim input credits on purchases.

What registrations are required for importing Ferro-Alloys - Ferro Tungsten And Ferro-Silico-Tungsten?

For importing goods under Iron And Steel, you need GST registration along with an Import Export Code. Exporters should also obtain AD Code registration for processing international payments.

More HSN codes from Chapter 72

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