Chapter 72 of the GST framework covers Iron And Steel, and HSN Code 72029913 specifically identifies Ferro-Alloys - Other : Other : Ferro-Phosphorus, Ferro-Selenium, Ferrocobalt, Ferro-Columbium, Ferro-Zirconium, Ferro-Tantalum: Ferro-Cobalt for taxation purposes. This classification is mandatory for all businesses engaged in the supply of Ferro-Alloys - Other : Other : Ferro-Phosphorus, Ferro-Selenium, Ferrocobalt, Ferro-Columbium, Ferro-Zirconium, Ferro-Tantalum: Ferro-Cobalt. Tax rates applicable include CGST at 9.00%, SGST/UTGST at 9.00%, and IGST at 18.00% for interstate movements. The standard unit of measurement is 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 72029913
Tax liability for Ferro-Alloys - Other : Other : Ferro-Phosphorus, Ferro-Selenium, Ferrocobalt, Ferro-Columbium, Ferro-Zirconium, Ferro-Tantalum: Ferro-Cobalt under HSN 72029913 varies by transaction geography. CGST at 9.00% combined with SGST/UTGST at 9.00% applies to local sales. Interstate movement attracts IGST at 18.00%. All billing for Chapter 72 – Iron And Steel products must use kg..
Who Should Use HSN Code 72029913?
Traders, manufacturers, and importers of Ferro-Alloys - Other : Other : Ferro-Phosphorus, Ferro-Selenium, Ferrocobalt, Ferro-Columbium, Ferro-Zirconium, Ferro-Tantalum: Ferro-Cobalt are required to mention HSN Code 72029913 on all GST documents. This Iron And Steel classification under Chapter 72 is mandatory for compliance across all business formats including online sellers.
Business Registration Requirements
Commencing trade in Ferro-Alloys - Other : Other : Ferro-Phosphorus, Ferro-Selenium, Ferrocobalt, Ferro-Columbium, Ferro-Zirconium, Ferro-Tantalum: Ferro-Cobalt? Secure GST registration to handle taxes on HSN 72029913 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
Correct HSN Code 72029913 application for Ferro-Alloys - Other : Other : Ferro-Phosphorus, Ferro-Selenium, Ferrocobalt, Ferro-Columbium, Ferro-Zirconium, Ferro-Tantalum: Ferro-Cobalt ensures smooth input credit utilization and assessment processes. Track 9.00%, 9.00%, and 18.00% rate changes for Chapter 72 – Iron And Steel through official notifications for continuous compliance.
Frequently Asked Questions (FAQs)
What is the unit of measurement for HSN 72029913?
The standard unit of measurement for Ferro-Alloys - Other : Other : Ferro-Phosphorus, Ferro-Selenium, Ferrocobalt, Ferro-Columbium, Ferro-Zirconium, Ferro-Tantalum: Ferro-Cobalt under HSN Code 72029913 is kg.. All invoices and GST returns must reflect quantities using this measurement standard.
Is HSN Code 72029913 mandatory for small businesses?
Yes, businesses dealing in Ferro-Alloys - Other : Other : Ferro-Phosphorus, Ferro-Selenium, Ferrocobalt, Ferro-Columbium, Ferro-Zirconium, Ferro-Tantalum: Ferro-Cobalt must use HSN 72029913 on invoices regardless of their size. The number of digits required may vary based on turnover thresholds set by GST rules.
What happens if I use wrong HSN code for Ferro-Alloys - Other : Other : Ferro-Phosphorus, Ferro-Selenium, Ferrocobalt, Ferro-Columbium, Ferro-Zirconium, Ferro-Tantalum: Ferro-Cobalt?
Using incorrect classification can result in wrong tax calculation, rejected input credits, and penalties during assessment. Always verify HSN 72029913 for Iron And Steel goods before invoicing.
Do I need AD Code registration for exporting Ferro-Alloys - Other : Other : Ferro-Phosphorus, Ferro-Selenium, Ferrocobalt, Ferro-Columbium, Ferro-Zirconium, Ferro-Tantalum: Ferro-Cobalt?
Yes, AD Code registration is required for exporters dealing in Ferro-Alloys - Other : Other : Ferro-Phosphorus, Ferro-Selenium, Ferrocobalt, Ferro-Columbium, Ferro-Zirconium, Ferro-Tantalum: Ferro-Cobalt under Iron And Steel. This registration links your bank account to process foreign currency payments from overseas buyers.
