HSN Code 72051011 provides the tax classification for Granules And Powders, Of Pig Iron, Spiegeleisen, Iron Or Steel - Granules : Of Iron : Shot And Angular Grit under Chapter 72 – Iron And Steel of the GST tariff. Businesses dealing in Granules And Powders, Of Pig Iron, Spiegeleisen, Iron Or Steel - Granules : Of Iron : Shot And Angular Grit must use this code for proper invoicing and return filing. Applicable taxes include CGST at N.a., SGST/UTGST at N.a., and IGST at N.a.. The recognized unit of measurement is N.a.
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 72051011
The tax structure for Granules And Powders, Of Pig Iron, Spiegeleisen, Iron Or Steel - Granules : Of Iron : Shot And Angular Grit under HSN Code 72051011 follows a dual taxation model. CGST is levied at N.a. and SGST/UTGST at N.a. for intrastate sales. Interstate transactions attract IGST at N.a.. All invoices must record quantities in N.a as the standard measurement for goods under Chapter 72 – Iron And Steel.
Who Should Use HSN Code 72051011?
All businesses supplying Granules And Powders, Of Pig Iron, Spiegeleisen, Iron Or Steel - Granules : Of Iron : Shot And Angular Grit are obligated to use HSN 72051011 on tax invoices. From producers to retailers within Iron And Steel, Chapter 72 classification ensures uniform tax treatment. This requirement applies regardless of turnover or business model.
Business Registration Requirements
Starting a business involving Granules And Powders, Of Pig Iron, Spiegeleisen, Iron Or Steel - Granules : Of Iron : Shot And Angular Grit? GST registration is mandatory for collecting and remitting taxes on HSN 72051011 goods. Companies planning international trade within Iron And Steel must obtain an Import Export Code. Exporters need AD Code registration for receiving foreign payments. New entrepreneurs should complete company registration before pursuing trade-specific approvals.
Why Correct Classification Matters
Using HSN Code 72051011 accurately for Granules And Powders, Of Pig Iron, Spiegeleisen, Iron Or Steel - Granules : Of Iron : Shot And Angular Grit avoids compliance issues and facilitates credit claims. Monitor changes to N.a., N.a., and N.a. rates for Chapter 72 – Iron And Steel to maintain accurate filings and smooth business operations.
Frequently Asked Questions (FAQs)
HSN Code 72051011 falls under Chapter 72 – Iron And Steel in the GST tariff schedule. This chapter covers various goods including Granules And Powders, Of Pig Iron, Spiegeleisen, Iron Or Steel - Granules : Of Iron : Shot And Angular Grit.
Yes, IGST at N.a. is applicable when Granules And Powders, Of Pig Iron, Spiegeleisen, Iron Or Steel - Granules : Of Iron : Shot And Angular Grit is supplied interstate or imported. For local sales within a state, CGST at N.a. and SGST/UTGST at N.a. apply instead.
Yes, e-commerce sellers dealing in Granules And Powders, Of Pig Iron, Spiegeleisen, Iron Or Steel - Granules : Of Iron : Shot And Angular Grit must use HSN 72051011 on their invoices. This applies to all online platforms operating under Iron And Steel classification.
To import goods under Iron And Steel, complete GST registration first, then obtain an Import Export Code from DGFT. Proper company registration provides the legal foundation for your import operations.