Chapter 72 of the GST framework covers Iron And Steel, and HSN Code 72139120 specifically identifies Bars And Rods, Hot-Rolled, In Irregularly Wound Coils, Of Iron Or Non-Alloy Steel - Other : Of Circular Cross-Section Measuring Less Than 14 Mm In Diameter : Cold Heading Quality for taxation purposes. This classification is mandatory for all businesses engaged in the supply of Bars And Rods, Hot-Rolled, In Irregularly Wound Coils, Of Iron Or Non-Alloy Steel - Other : Of Circular Cross-Section Measuring Less Than 14 Mm In Diameter : Cold Heading Quality. Tax rates applicable include CGST at 9.00%, SGST/UTGST at 9.00%, and IGST at 18.00% 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 72139120

For Bars And Rods, Hot-Rolled, In Irregularly Wound Coils, Of Iron Or Non-Alloy Steel - Other : Of Circular Cross-Section Measuring Less Than 14 Mm In Diameter : Cold Heading Quality classified under HSN Code 72139120, tax computation follows GST principles. CGST at 9.00% plus SGST/UTGST at 9.00% covers intrastate sales. IGST at 18.00% applies to interstate transactions. kg. is the prescribed measurement for Iron And Steel under Chapter 72.

Who Should Use HSN Code 72139120?

Every entity transacting in Bars And Rods, Hot-Rolled, In Irregularly Wound Coils, Of Iron Or Non-Alloy Steel - Other : Of Circular Cross-Section Measuring Less Than 14 Mm In Diameter : Cold Heading Quality must quote HSN Code 72139120 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

Commencing trade in Bars And Rods, Hot-Rolled, In Irregularly Wound Coils, Of Iron Or Non-Alloy Steel - Other : Of Circular Cross-Section Measuring Less Than 14 Mm In Diameter : Cold Heading Quality? Secure GST registration to handle taxes on HSN 72139120 classified goods. Businesses with international operations in Iron And Steel need an Import Export Code. Exporters require AD Code registration for foreign currency receipts. Start with company registration to formalize your business structure.

Why Correct Classification Matters

Correct HSN Code 72139120 application for Bars And Rods, Hot-Rolled, In Irregularly Wound Coils, Of Iron Or Non-Alloy Steel - Other : Of Circular Cross-Section Measuring Less Than 14 Mm In Diameter : Cold Heading Quality ensures smooth input credit utilization and assessment processes. Track 9.00%, 9.00%, and 18.00% rate changes for Chapter 72 – Iron And Steel through official notifications for continuous compliance.

Frequently Asked Questions (FAQs)

What is HSN Code 72139120 used for?

HSN Code 72139120 is used to classify Bars And Rods, Hot-Rolled, In Irregularly Wound Coils, Of Iron Or Non-Alloy Steel - Other : Of Circular Cross-Section Measuring Less Than 14 Mm In Diameter : Cold Heading Quality under Chapter 72 – Iron And Steel for GST purposes. Businesses must mention this code on invoices to ensure correct tax calculation and compliance.

What are the GST rates applicable on HSN 72139120?

For Bars And Rods, Hot-Rolled, In Irregularly Wound Coils, Of Iron Or Non-Alloy Steel - Other : Of Circular Cross-Section Measuring Less Than 14 Mm In Diameter : Cold Heading Quality, CGST applies at 9.00% and SGST/UTGST at 9.00% for intrastate supplies. Interstate transactions are taxed under IGST at 18.00%.

Do I need GST registration to trade in Bars And Rods, Hot-Rolled, In Irregularly Wound Coils, Of Iron Or Non-Alloy Steel - Other : Of Circular Cross-Section Measuring Less Than 14 Mm In Diameter : Cold Heading Quality?

Yes, GST registration is mandatory for businesses dealing in Bars And Rods, Hot-Rolled, In Irregularly Wound Coils, Of Iron Or Non-Alloy Steel - Other : Of Circular Cross-Section Measuring Less Than 14 Mm In Diameter : Cold Heading Quality under HSN 72139120. This enables you to legally collect taxes and claim input credits on purchases.

What registrations are required for importing Bars And Rods, Hot-Rolled, In Irregularly Wound Coils, Of Iron Or Non-Alloy Steel - Other : Of Circular Cross-Section Measuring Less Than 14 Mm In Diameter : Cold Heading Quality?

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.

More HSN codes from Chapter 72

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