Under the GST regime, HSN Code 72155010 classifies Other Bars And Rods Of Iron Or Non-Alloy Steel - Other, Not Further Worked Than Cold-Formed Or Cold-Finished : Mild Steel Bright Bar within Chapter 72 – Iron And Steel. This code is essential for businesses to correctly calculate and remit taxes on Other Bars And Rods Of Iron Or Non-Alloy Steel - Other, Not Further Worked Than Cold-Formed Or Cold-Finished : Mild Steel Bright Bar. The applicable rates are CGST at 9.00%, SGST/UTGST at 9.00% for within-state sales, and IGST at 18.00% 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 72155010
Goods classified as Other Bars And Rods Of Iron Or Non-Alloy Steel - Other, Not Further Worked Than Cold-Formed Or Cold-Finished : Mild Steel Bright Bar under HSN 72155010 are taxed based on transaction type. Local sales attract CGST at 9.00% plus SGST/UTGST at 9.00%. For supplies crossing state boundaries, IGST at 18.00% applies. Documentation must reflect kg. as the measurement standard for Chapter 72 – Iron And Steel products.
Who Should Use HSN Code 72155010?
Every entity transacting in Other Bars And Rods Of Iron Or Non-Alloy Steel - Other, Not Further Worked Than Cold-Formed Or Cold-Finished : Mild Steel Bright Bar must quote HSN Code 72155010 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 Other Bars And Rods Of Iron Or Non-Alloy Steel - Other, Not Further Worked Than Cold-Formed Or Cold-Finished : Mild Steel Bright Bar? Secure GST registration to handle taxes on HSN 72155010 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
Proper use of HSN Code 72155010 for Other Bars And Rods Of Iron Or Non-Alloy Steel - Other, Not Further Worked Than Cold-Formed Or Cold-Finished : Mild Steel Bright Bar streamlines audit processes and supports valid credit claims. Stay updated on 9.00%, 9.00%, and 18.00% rates for Chapter 72 – Iron And Steel through government circulars to ensure uninterrupted compliance.
Frequently Asked Questions (FAQs)
The standard unit of measurement for Other Bars And Rods Of Iron Or Non-Alloy Steel - Other, Not Further Worked Than Cold-Formed Or Cold-Finished : Mild Steel Bright Bar under HSN Code 72155010 is kg.. All invoices and GST returns must reflect quantities using this measurement standard.
Yes, businesses dealing in Other Bars And Rods Of Iron Or Non-Alloy Steel - Other, Not Further Worked Than Cold-Formed Or Cold-Finished : Mild Steel Bright Bar must use HSN 72155010 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 72155010 for Iron And Steel goods before invoicing.
Yes, AD Code registration is required for exporters dealing in Other Bars And Rods Of Iron Or Non-Alloy Steel - Other, Not Further Worked Than Cold-Formed Or Cold-Finished : Mild Steel Bright Bar under Iron And Steel. This registration links your bank account to process foreign currency payments from overseas buyers.