HSN Code 72051012 provides the tax classification for Granules And Powders, Of Pig Iron, Spiegeleisen, Iron Or Steel - Granules : Of Iron : Wire Pellets 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 : Wire Pellets 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 72051012
Goods classified as Granules And Powders, Of Pig Iron, Spiegeleisen, Iron Or Steel - Granules : Of Iron : Wire Pellets under HSN 72051012 are taxed based on transaction type. Local sales attract CGST at N.a. plus SGST/UTGST at N.a.. For supplies crossing state boundaries, IGST at N.a. applies. Documentation must reflect N.a as the measurement standard for Chapter 72 – Iron And Steel products.
Who Should Use HSN Code 72051012?
Any business engaged in supplying Granules And Powders, Of Pig Iron, Spiegeleisen, Iron Or Steel - Granules : Of Iron : Wire Pellets must apply HSN 72051012 on invoices. The Iron And Steel category under Chapter 72 requires this classification for wholesalers, retailers, exporters, and online marketplaces alike.
Business Registration Requirements
Planning to trade in Granules And Powders, Of Pig Iron, Spiegeleisen, Iron Or Steel - Granules : Of Iron : Wire Pellets? Complete GST registration to legally collect taxes on goods under HSN 72051012. Businesses importing or exporting Iron And Steel products require an Import Export Code. AD Code registration is essential for exporters to process international payments. Entrepreneurs should secure company registration as the foundational step.
Why Correct Classification Matters
Accurate application of HSN Code 72051012 for Granules And Powders, Of Pig Iron, Spiegeleisen, Iron Or Steel - Granules : Of Iron : Wire Pellets enables legitimate input tax credit claims and prevents assessment disputes. Businesses under Chapter 72 – Iron And Steel should monitor rate updates (N.a., N.a., N.a.) through official notifications to maintain seamless compliance.
Frequently Asked Questions (FAQs)
The standard unit of measurement for Granules And Powders, Of Pig Iron, Spiegeleisen, Iron Or Steel - Granules : Of Iron : Wire Pellets under HSN Code 72051012 is N.a. All invoices and GST returns must reflect quantities using this measurement standard.
Yes, businesses dealing in Granules And Powders, Of Pig Iron, Spiegeleisen, Iron Or Steel - Granules : Of Iron : Wire Pellets must use HSN 72051012 on invoices regardless of their size. The number of digits required may vary based on turnover thresholds set by GST rules.
Using incorrect classification can result in wrong tax calculation, rejected input credits, and penalties during assessment. Always verify HSN 72051012 for Iron And Steel goods before invoicing.
Yes, AD Code registration is required for exporters dealing in Granules And Powders, Of Pig Iron, Spiegeleisen, Iron Or Steel - Granules : Of Iron : Wire Pellets under Iron And Steel. This registration links your bank account to process foreign currency payments from overseas buyers.