HSN Code 72164000 provides the tax classification for Angles, Shapes And Sections Of Iron Or Non-Alloy Steel - L Or T Sections, Not Further Worked Than Hot-Rolled, Hot-Drawn Or Extruded, Of A Height Of 80 Mm Or More under Chapter 72 – Iron And Steel of the GST tariff. Businesses dealing in Angles, Shapes And Sections Of Iron Or Non-Alloy Steel - L Or T Sections, Not Further Worked Than Hot-Rolled, Hot-Drawn Or Extruded, Of A Height Of 80 Mm Or More 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 72164000

For Angles, Shapes And Sections Of Iron Or Non-Alloy Steel - L Or T Sections, Not Further Worked Than Hot-Rolled, Hot-Drawn Or Extruded, Of A Height Of 80 Mm Or More classified under HSN Code 72164000, tax computation follows GST principles. CGST at 0.09 plus SGST/UTGST at 0.09 covers intrastate sales. IGST at 0.18 applies to interstate transactions. kg. is the prescribed measurement for Iron And Steel under Chapter 72.

Who Should Use HSN Code 72164000?

Every entity transacting in Angles, Shapes And Sections Of Iron Or Non-Alloy Steel - L Or T Sections, Not Further Worked Than Hot-Rolled, Hot-Drawn Or Extruded, Of A Height Of 80 Mm Or More must quote HSN Code 72164000 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

Entering the Angles, Shapes And Sections Of Iron Or Non-Alloy Steel - L Or T Sections, Not Further Worked Than Hot-Rolled, Hot-Drawn Or Extruded, Of A Height Of 80 Mm Or More market requires essential registrations. GST registration enables legal tax collection on HSN 72164000 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

Proper use of HSN Code 72164000 for Angles, Shapes And Sections Of Iron Or Non-Alloy Steel - L Or T Sections, Not Further Worked Than Hot-Rolled, Hot-Drawn Or Extruded, Of A Height Of 80 Mm Or More 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)

What is the unit of measurement for HSN 72164000?

The standard unit of measurement for Angles, Shapes And Sections Of Iron Or Non-Alloy Steel - L Or T Sections, Not Further Worked Than Hot-Rolled, Hot-Drawn Or Extruded, Of A Height Of 80 Mm Or More under HSN Code 72164000 is kg.. All invoices and GST returns must reflect quantities using this measurement standard.

Is HSN Code 72164000 mandatory for small businesses?

Yes, businesses dealing in Angles, Shapes And Sections Of Iron Or Non-Alloy Steel - L Or T Sections, Not Further Worked Than Hot-Rolled, Hot-Drawn Or Extruded, Of A Height Of 80 Mm Or More must use HSN 72164000 on invoices regardless of their size. The number of digits required may vary based on turnover thresholds set by GST rules.

What happens if I use wrong HSN code for Angles, Shapes And Sections Of Iron Or Non-Alloy Steel - L Or T Sections, Not Further Worked Than Hot-Rolled, Hot-Drawn Or Extruded, Of A Height Of 80 Mm Or More?

Using incorrect classification can result in wrong tax calculation, rejected input credits, and penalties during assessment. Always verify HSN 72164000 for Iron And Steel goods before invoicing.

Do I need AD Code registration for exporting Angles, Shapes And Sections Of Iron Or Non-Alloy Steel - L Or T Sections, Not Further Worked Than Hot-Rolled, Hot-Drawn Or Extruded, Of A Height Of 80 Mm Or More?

Yes, AD Code registration is required for exporters dealing in Angles, Shapes And Sections Of Iron Or Non-Alloy Steel - L Or T Sections, Not Further Worked Than Hot-Rolled, Hot-Drawn Or Extruded, Of A Height Of 80 Mm Or More under Iron And Steel. This registration links your bank account to process foreign currency payments from overseas buyers.

More HSN codes from Chapter 72

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