Chapter 72 of the GST framework covers Iron And Steel, and HSN Code 72171030 specifically identifies Wire Of Iron Or Non-Alloy Steel - Not Plated Or Coated, Whether Or Not Polished : Of A Thickness Above 26 Swg for taxation purposes. This classification is mandatory for all businesses engaged in the supply of Wire Of Iron Or Non-Alloy Steel - Not Plated Or Coated, Whether Or Not Polished : Of A Thickness Above 26 Swg. Tax rates applicable include CGST at N.a., SGST/UTGST at N.a., and IGST at N.a. for interstate movements. The standard unit of measurement is 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 72171030
The tax structure for Wire Of Iron Or Non-Alloy Steel - Not Plated Or Coated, Whether Or Not Polished : Of A Thickness Above 26 Swg under HSN Code 72171030 follows a dual taxation model. CGST is levied at N.a. and SGST/UTGST at N.a. for intrastate sales. Interstate transactions attract IGST at N.a.. All invoices must record quantities in N.a as the standard measurement for goods under Chapter 72 – Iron And Steel.
Who Should Use HSN Code 72171030?
Every entity transacting in Wire Of Iron Or Non-Alloy Steel - Not Plated Or Coated, Whether Or Not Polished : Of A Thickness Above 26 Swg must quote HSN Code 72171030 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
Looking to deal in Wire Of Iron Or Non-Alloy Steel - Not Plated Or Coated, Whether Or Not Polished : Of A Thickness Above 26 Swg? GST registration is your first compliance requirement for HSN 72171030 goods. International traders in Iron And Steel products must obtain an Import Export Code. AD Code registration facilitates export payment processing. Company registration should precede all other business approvals.
Why Correct Classification Matters
Correct HSN Code 72171030 application for Wire Of Iron Or Non-Alloy Steel - Not Plated Or Coated, Whether Or Not Polished : Of A Thickness Above 26 Swg ensures smooth input credit utilization and assessment processes. Track N.a., N.a., and N.a. rate changes for Chapter 72 – Iron And Steel through official notifications for continuous compliance.
Frequently Asked Questions (FAQs)
Official GST rates for Wire Of Iron Or Non-Alloy Steel - Not Plated Or Coated, Whether Or Not Polished : Of A Thickness Above 26 Swg under HSN 72171030 are published in government notifications and the CBIC website. Current rates are CGST N.a., SGST/UTGST N.a., and IGST N.a..
Yes, online marketplaces and e-commerce operators selling Wire Of Iron Or Non-Alloy Steel - Not Plated Or Coated, Whether Or Not Polished : Of A Thickness Above 26 Swg must mention HSN Code 72171030 on invoices. This Iron And Steel classification applies to all sales channels under Chapter 72.
For company registration, you need identity proof, address proof, and registered office documents. Once registered, apply for GST registration to start trading in Wire Of Iron Or Non-Alloy Steel - Not Plated Or Coated, Whether Or Not Polished : Of A Thickness Above 26 Swg under HSN 72171030.
GST rates for Wire Of Iron Or Non-Alloy Steel - Not Plated Or Coated, Whether Or Not Polished : Of A Thickness Above 26 Swg and other Iron And Steel products under Chapter 72 may change through GST Council recommendations. Monitor official notifications to stay updated on N.a., N.a., and N.a. revisions.