Under the GST regime, HSN Code 72171010 classifies Wire Of Iron Or Non-Alloy Steel - Not Plated Or Coated, Whether Or Not Polished : Of A Thickness Of 18 Swg And Below within Chapter 72 – Iron And Steel. This code is essential for businesses to correctly calculate and remit taxes on Wire Of Iron Or Non-Alloy Steel - Not Plated Or Coated, Whether Or Not Polished : Of A Thickness Of 18 Swg And Below. The applicable rates are CGST at N.a., SGST/UTGST at N.a. for within-state sales, and IGST at N.a. for interstate supplies. Goods are quantified using N.a.

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 72171010

For Wire Of Iron Or Non-Alloy Steel - Not Plated Or Coated, Whether Or Not Polished : Of A Thickness Of 18 Swg And Below classified under HSN Code 72171010, tax computation follows GST principles. CGST at N.a. plus SGST/UTGST at N.a. covers intrastate sales. IGST at N.a. applies to interstate transactions. N.a is the prescribed measurement for Iron And Steel under Chapter 72.

Who Should Use HSN Code 72171010?

Any business engaged in supplying Wire Of Iron Or Non-Alloy Steel - Not Plated Or Coated, Whether Or Not Polished : Of A Thickness Of 18 Swg And Below must apply HSN 72171010 on invoices. The Iron And Steel category under Chapter 72 requires this classification for wholesalers, retailers, exporters, and online marketplaces alike.

Business Registration Requirements

Entering the Wire Of Iron Or Non-Alloy Steel - Not Plated Or Coated, Whether Or Not Polished : Of A Thickness Of 18 Swg And Below market requires essential registrations. GST registration enables legal tax collection on HSN 72171010 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 72171010 for Wire Of Iron Or Non-Alloy Steel - Not Plated Or Coated, Whether Or Not Polished : Of A Thickness Of 18 Swg And Below streamlines audit processes and supports valid credit claims. Stay updated on N.a., N.a., and N.a. rates for Chapter 72 – Iron And Steel through government circulars to ensure uninterrupted compliance.

Frequently Asked Questions (FAQs)

Which chapter does HSN Code 72171010 belong to?

HSN Code 72171010 falls under Chapter 72 – Iron And Steel in the GST tariff schedule. This chapter covers various goods including Wire Of Iron Or Non-Alloy Steel - Not Plated Or Coated, Whether Or Not Polished : Of A Thickness Of 18 Swg And Below.

Is IGST applicable on Wire Of Iron Or Non-Alloy Steel - Not Plated Or Coated, Whether Or Not Polished : Of A Thickness Of 18 Swg And Below?

Yes, IGST at N.a. is applicable when Wire Of Iron Or Non-Alloy Steel - Not Plated Or Coated, Whether Or Not Polished : Of A Thickness Of 18 Swg And Below is supplied interstate or imported. For local sales within a state, CGST at N.a. and SGST/UTGST at N.a. apply instead.

Can e-commerce sellers use HSN Code 72171010?

Yes, e-commerce sellers dealing in Wire Of Iron Or Non-Alloy Steel - Not Plated Or Coated, Whether Or Not Polished : Of A Thickness Of 18 Swg And Below must use HSN 72171010 on their invoices. This applies to all online platforms operating under Iron And Steel classification.

How do I start an import business for Iron And Steel goods?

To import goods under Iron And Steel, complete GST registration first, then obtain an Import Export Code from DGFT. Proper company registration provides the legal foundation for your import operations.

More HSN codes from Chapter 72

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