HSN Code 72029916 provides the tax classification for Ferro-Alloys - Other : Other : Ferro-Phosphorus, Ferro-Selenium, Ferrocobalt, Ferro-Columbium, Ferro-Zirconium, Ferro-Tantalum: Ferro-Tantalum under Chapter 72 – Iron And Steel of the GST tariff. Businesses dealing in Ferro-Alloys - Other : Other : Ferro-Phosphorus, Ferro-Selenium, Ferrocobalt, Ferro-Columbium, Ferro-Zirconium, Ferro-Tantalum: Ferro-Tantalum must use this code for proper invoicing and return filing. Applicable taxes include CGST at 9.00%, SGST/UTGST at 9.00%, and IGST at 18.00%. The recognized 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 72029916
The tax structure for Ferro-Alloys - Other : Other : Ferro-Phosphorus, Ferro-Selenium, Ferrocobalt, Ferro-Columbium, Ferro-Zirconium, Ferro-Tantalum: Ferro-Tantalum under HSN Code 72029916 follows a dual taxation model. CGST is levied at 9.00% and SGST/UTGST at 9.00% for intrastate sales. Interstate transactions attract IGST at 18.00%. All invoices must record quantities in kg. as the standard measurement for goods under Chapter 72 – Iron And Steel.
Who Should Use HSN Code 72029916?
Traders, manufacturers, and importers of Ferro-Alloys - Other : Other : Ferro-Phosphorus, Ferro-Selenium, Ferrocobalt, Ferro-Columbium, Ferro-Zirconium, Ferro-Tantalum: Ferro-Tantalum are required to mention HSN Code 72029916 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
Entering the Ferro-Alloys - Other : Other : Ferro-Phosphorus, Ferro-Selenium, Ferrocobalt, Ferro-Columbium, Ferro-Zirconium, Ferro-Tantalum: Ferro-Tantalum market requires essential registrations. GST registration enables legal tax collection on HSN 72029916 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
Correct HSN Code 72029916 application for Ferro-Alloys - Other : Other : Ferro-Phosphorus, Ferro-Selenium, Ferrocobalt, Ferro-Columbium, Ferro-Zirconium, Ferro-Tantalum: Ferro-Tantalum 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)
How many digits of HSN Code 72029916 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 72029916 for accurate classification of Ferro-Alloys - Other : Other : Ferro-Phosphorus, Ferro-Selenium, Ferrocobalt, Ferro-Columbium, Ferro-Zirconium, Ferro-Tantalum: Ferro-Tantalum.
Can I claim input tax credit on Ferro-Alloys - Other : Other : Ferro-Phosphorus, Ferro-Selenium, Ferrocobalt, Ferro-Columbium, Ferro-Zirconium, Ferro-Tantalum: Ferro-Tantalum purchases?
Yes, registered businesses can claim input tax credit on Ferro-Alloys - Other : Other : Ferro-Phosphorus, Ferro-Selenium, Ferrocobalt, Ferro-Columbium, Ferro-Zirconium, Ferro-Tantalum: Ferro-Tantalum purchases made under HSN 72029916. Ensure your supplier mentions correct HSN code and GST rates (9.00%, 9.00%) on the invoice.
What is the difference between CGST and IGST for HSN 72029916?
CGST at 9.00% plus SGST/UTGST at 9.00% applies when Ferro-Alloys - Other : Other : Ferro-Phosphorus, Ferro-Selenium, Ferrocobalt, Ferro-Columbium, Ferro-Zirconium, Ferro-Tantalum: Ferro-Tantalum is sold within the same state. IGST at 18.00% is charged when goods move across state borders or are imported.
Is Import Export Code necessary for trading Ferro-Alloys - Other : Other : Ferro-Phosphorus, Ferro-Selenium, Ferrocobalt, Ferro-Columbium, Ferro-Zirconium, Ferro-Tantalum: Ferro-Tantalum domestically?
No, Import Export Code is only required if you plan to import or export Ferro-Alloys - Other : Other : Ferro-Phosphorus, Ferro-Selenium, Ferrocobalt, Ferro-Columbium, Ferro-Zirconium, Ferro-Tantalum: Ferro-Tantalum internationally. For domestic trade within Iron And Steel, GST registration is sufficient.
