Chapter 72 of the GST framework covers Iron And Steel, and HSN Code 72052990 specifically identifies Granules And Powders, Of Pig Iron, Spiegeleisen, Iron Or Steel - Powders : Other : Other for taxation purposes. This classification is mandatory for all businesses engaged in the supply of Granules And Powders, Of Pig Iron, Spiegeleisen, Iron Or Steel - Powders : Other : Other. Tax rates applicable include CGST at 0.09, SGST/UTGST at 0.09, and IGST at 0.18 for interstate movements. The standard 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 72052990
The tax structure for Granules And Powders, Of Pig Iron, Spiegeleisen, Iron Or Steel - Powders : Other : Other under HSN Code 72052990 follows a dual taxation model. CGST is levied at 0.09 and SGST/UTGST at 0.09 for intrastate sales. Interstate transactions attract IGST at 0.18. All invoices must record quantities in kg. as the standard measurement for goods under Chapter 72 – Iron And Steel.
Who Should Use HSN Code 72052990?
Traders, manufacturers, and importers of Granules And Powders, Of Pig Iron, Spiegeleisen, Iron Or Steel - Powders : Other : Other are required to mention HSN Code 72052990 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
Planning to trade in Granules And Powders, Of Pig Iron, Spiegeleisen, Iron Or Steel - Powders : Other : Other? Complete GST registration to legally collect taxes on goods under HSN 72052990. 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
Using HSN Code 72052990 accurately for Granules And Powders, Of Pig Iron, Spiegeleisen, Iron Or Steel - Powders : Other : Other avoids compliance issues and facilitates credit claims. Monitor changes to 0.09, 0.09, and 0.18 rates for Chapter 72 – Iron And Steel to maintain accurate filings and smooth business operations.
Frequently Asked Questions (FAQs)
Official GST rates for Granules And Powders, Of Pig Iron, Spiegeleisen, Iron Or Steel - Powders : Other : Other under HSN 72052990 are published in government notifications and the CBIC website. Current rates are CGST 0.09, SGST/UTGST 0.09, and IGST 0.18.
Yes, online marketplaces and e-commerce operators selling Granules And Powders, Of Pig Iron, Spiegeleisen, Iron Or Steel - Powders : Other : Other must mention HSN Code 72052990 on invoices. This Iron And Steel classification applies to all sales channels under Chapter 72.
For company registration, you need identity proof, address proof, and registered office documents. Once registered, apply for GST registration to start trading in Granules And Powders, Of Pig Iron, Spiegeleisen, Iron Or Steel - Powders : Other : Other under HSN 72052990.
GST rates for Granules And Powders, Of Pig Iron, Spiegeleisen, Iron Or Steel - Powders : Other : Other and other Iron And Steel products under Chapter 72 may change through GST Council recommendations. Monitor official notifications to stay updated on 0.09, 0.09, and 0.18 revisions.