HSN Code 72051019 provides the tax classification for Granules And Powders, Of Pig Iron, Spiegeleisen, Iron Or Steel - Granules : Of Iron : Other 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 : Other 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 72051019
For Granules And Powders, Of Pig Iron, Spiegeleisen, Iron Or Steel - Granules : Of Iron : Other classified under HSN Code 72051019, tax computation follows GST principles. CGST at N.a. plus SGST/UTGST at N.a. covers intrastate sales. IGST at N.a. applies to interstate transactions. N.a is the prescribed measurement for Iron And Steel under Chapter 72.
Who Should Use HSN Code 72051019?
Manufacturers, wholesalers, retailers, and exporters dealing in Granules And Powders, Of Pig Iron, Spiegeleisen, Iron Or Steel - Granules : Of Iron : Other are required to mention HSN 72051019 on all tax documents. This classification under Iron And Steel applies to businesses of all sizes operating within Chapter 72. Proper usage ensures accurate return filing and audit compliance.
Business Registration Requirements
Entering the Granules And Powders, Of Pig Iron, Spiegeleisen, Iron Or Steel - Granules : Of Iron : Other market requires essential registrations. GST registration enables legal tax collection on HSN 72051019 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 72051019 application for Granules And Powders, Of Pig Iron, Spiegeleisen, Iron Or Steel - Granules : Of Iron : Other ensures smooth input credit utilization and assessment processes. Track N.a., N.a., and N.a. rate changes for Chapter 72 – Iron And Steel through official notifications for continuous compliance.
Frequently Asked Questions (FAQs)
HSN Code 72051019 is used to classify Granules And Powders, Of Pig Iron, Spiegeleisen, Iron Or Steel - Granules : Of Iron : Other under Chapter 72 – Iron And Steel for GST purposes. Businesses must mention this code on invoices to ensure correct tax calculation and compliance.
For Granules And Powders, Of Pig Iron, Spiegeleisen, Iron Or Steel - Granules : Of Iron : Other, CGST applies at N.a. and SGST/UTGST at N.a. for intrastate supplies. Interstate transactions are taxed under IGST at N.a..
Yes, GST registration is mandatory for businesses dealing in Granules And Powders, Of Pig Iron, Spiegeleisen, Iron Or Steel - Granules : Of Iron : Other under HSN 72051019. This enables you to legally collect taxes and claim input credits on purchases.
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.