Under the GST regime, HSN Code 72071190 classifies Semi-Finished Products Of Iron Or Non-Alloy Steel - Containing By Weight Less Than 0.25% Of Carbon : 7207 11 Semi-Finished Products Of Iron Or Non-Alloy Steel - Containing By Weight Less Than 0.25% Of Carbon : Of Rectangular (Including Square) Cross-Sect... within Chapter 72 – Iron And Steel. This code is essential for businesses to correctly calculate and remit taxes on Semi-Finished Products Of Iron Or Non-Alloy Steel - Containing By Weight Less Than 0.25% Of Carbon : 7207 11 Semi-Finished Products Of Iron Or Non-Alloy Steel - Containing By Weight Less Than 0.25% Of Carbon : Of Rectangular (Including Square) Cross-Sect.... The applicable rates are CGST at 0.09, SGST/UTGST at 0.09 for within-state sales, and IGST at 0.18 for interstate supplies. Goods are quantified using 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 72071190

The tax structure for Semi-Finished Products Of Iron Or Non-Alloy Steel - Containing By Weight Less Than 0.25% Of Carbon : 7207 11 Semi-Finished Products Of Iron Or Non-Alloy Steel - Containing By Weight Less Than 0.25% Of Carbon : Of Rectangular (Including Square) Cross-Sect... under HSN Code 72071190 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 72071190?

Every entity transacting in Semi-Finished Products Of Iron Or Non-Alloy Steel - Containing By Weight Less Than 0.25% Of Carbon : 7207 11 Semi-Finished Products Of Iron Or Non-Alloy Steel - Containing By Weight Less Than 0.25% Of Carbon : Of Rectangular (Including Square) Cross-Sect... must quote HSN Code 72071190 on invoices. This includes traders, distributors, and e-commerce sellers operating under Iron And Steel. Chapter 72 mandates this classification for accurate tax computation across the supply chain.

Business Registration Requirements

Planning to trade in Semi-Finished Products Of Iron Or Non-Alloy Steel - Containing By Weight Less Than 0.25% Of Carbon : 7207 11 Semi-Finished Products Of Iron Or Non-Alloy Steel - Containing By Weight Less Than 0.25% Of Carbon : Of Rectangular (Including Square) Cross-Sect...? Complete GST registration to legally collect taxes on goods under HSN 72071190. 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

Proper use of HSN Code 72071190 for Semi-Finished Products Of Iron Or Non-Alloy Steel - Containing By Weight Less Than 0.25% Of Carbon : 7207 11 Semi-Finished Products Of Iron Or Non-Alloy Steel - Containing By Weight Less Than 0.25% Of Carbon : Of Rectangular (Including Square) Cross-Sect... streamlines audit processes and supports valid credit claims. Stay updated on 0.09, 0.09, and 0.18 rates for Chapter 72 – Iron And Steel through government circulars to ensure uninterrupted compliance.

Frequently Asked Questions (FAQs)

Where can I find the official GST rate for HSN 72071190?

Official GST rates for Semi-Finished Products Of Iron Or Non-Alloy Steel - Containing By Weight Less Than 0.25% Of Carbon : 7207 11 Semi-Finished Products Of Iron Or Non-Alloy Steel - Containing By Weight Less Than 0.25% Of Carbon : Of Rectangular (Including Square) Cross-Sect... under HSN 72071190 are published in government notifications and the CBIC website. Current rates are CGST 0.09, SGST/UTGST 0.09, and IGST 0.18.

Do online marketplaces need to mention HSN 72071190?

Yes, online marketplaces and e-commerce operators selling Semi-Finished Products Of Iron Or Non-Alloy Steel - Containing By Weight Less Than 0.25% Of Carbon : 7207 11 Semi-Finished Products Of Iron Or Non-Alloy Steel - Containing By Weight Less Than 0.25% Of Carbon : Of Rectangular (Including Square) Cross-Sect... must mention HSN Code 72071190 on invoices. This Iron And Steel classification applies to all sales channels under Chapter 72.

What documents are needed for company registration to trade in Semi-Finished Products Of Iron Or Non-Alloy Steel - Containing By Weight Less Than 0.25% Of Carbon : 7207 11 Semi-Finished Products Of Iron Or Non-Alloy Steel - Containing By Weight Less Than 0.25% Of Carbon : Of Rectangular (Including Square) Cross-Sect...?

For company registration, you need identity proof, address proof, and registered office documents. Once registered, apply for GST registration to start trading in Semi-Finished Products Of Iron Or Non-Alloy Steel - Containing By Weight Less Than 0.25% Of Carbon : 7207 11 Semi-Finished Products Of Iron Or Non-Alloy Steel - Containing By Weight Less Than 0.25% Of Carbon : Of Rectangular (Including Square) Cross-Sect... under HSN 72071190.

How often do GST rates change for Iron And Steel products?

GST rates for Semi-Finished Products Of Iron Or Non-Alloy Steel - Containing By Weight Less Than 0.25% Of Carbon : 7207 11 Semi-Finished Products Of Iron Or Non-Alloy Steel - Containing By Weight Less Than 0.25% Of Carbon : Of Rectangular (Including Square) Cross-Sect... 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.

More HSN codes from Chapter 72

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