HSN Code 72051090 provides the tax classification for Granules And Powders, Of Pig Iron, Spiegeleisen, Iron Or Steel - Granules : 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 : Other must use this code for proper invoicing and return filing. Applicable taxes include CGST at 0.09, SGST/UTGST at 0.09, and IGST at 0.18. 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 72051090
The taxation of Granules And Powders, Of Pig Iron, Spiegeleisen, Iron Or Steel - Granules : Other under HSN Code 72051090 depends on supply location. Intrastate transactions require CGST at 0.09 and SGST/UTGST at 0.09. Interstate supplies are charged IGST at 0.18. Invoices should consistently use kg. for Iron And Steel goods under Chapter 72.
Who Should Use HSN Code 72051090?
All businesses supplying Granules And Powders, Of Pig Iron, Spiegeleisen, Iron Or Steel - Granules : Other are obligated to use HSN 72051090 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
Entering the Granules And Powders, Of Pig Iron, Spiegeleisen, Iron Or Steel - Granules : Other market requires essential registrations. GST registration enables legal tax collection on HSN 72051090 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
Accurate HSN Code 72051090 usage for Granules And Powders, Of Pig Iron, Spiegeleisen, Iron Or Steel - Granules : Other simplifies reconciliation and protects against penalties. Keep current with 0.09, 0.09, and 0.18 updates for Chapter 72 – Iron And Steel to ensure ongoing compliance.
Frequently Asked Questions (FAQs)
The standard unit of measurement for Granules And Powders, Of Pig Iron, Spiegeleisen, Iron Or Steel - Granules : Other under HSN Code 72051090 is kg.. 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 : Other must use HSN 72051090 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 72051090 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 : Other under Iron And Steel. This registration links your bank account to process foreign currency payments from overseas buyers.