HSN Code 72172010 provides the tax classification for Wire Of Iron Or Non-Alloy Steel - Plated Or Coated With Zinc : Of A Thickness Of 18 Swg And Below under Chapter 72 – Iron And Steel of the GST tariff. Businesses dealing in Wire Of Iron Or Non-Alloy Steel - Plated Or Coated With Zinc : Of A Thickness Of 18 Swg And Below must use this code for proper invoicing and return filing. Applicable taxes include CGST at 9.00%, SGST/UTGST at 9.00%, and IGST at 18.00%. 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 72172010
Tax liability for Wire Of Iron Or Non-Alloy Steel - Plated Or Coated With Zinc : Of A Thickness Of 18 Swg And Below under HSN 72172010 varies by transaction geography. CGST at 9.00% combined with SGST/UTGST at 9.00% applies to local sales. Interstate movement attracts IGST at 18.00%. All billing for Chapter 72 – Iron And Steel products must use kg..
Who Should Use HSN Code 72172010?
Every entity transacting in Wire Of Iron Or Non-Alloy Steel - Plated Or Coated With Zinc : Of A Thickness Of 18 Swg And Below must quote HSN Code 72172010 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
Starting a business involving Wire Of Iron Or Non-Alloy Steel - Plated Or Coated With Zinc : Of A Thickness Of 18 Swg And Below? GST registration is mandatory for collecting and remitting taxes on HSN 72172010 goods. Companies planning international trade within Iron And Steel must obtain an Import Export Code. Exporters need AD Code registration for receiving foreign payments. New entrepreneurs should complete company registration before pursuing trade-specific approvals.
Why Correct Classification Matters
Using HSN Code 72172010 accurately for Wire Of Iron Or Non-Alloy Steel - Plated Or Coated With Zinc : Of A Thickness Of 18 Swg And Below avoids compliance issues and facilitates credit claims. Monitor changes to 9.00%, 9.00%, and 18.00% rates for Chapter 72 – Iron And Steel to maintain accurate filings and smooth business operations.
Frequently Asked Questions (FAQs)
What is the unit of measurement for HSN 72172010?
The standard unit of measurement for Wire Of Iron Or Non-Alloy Steel - Plated Or Coated With Zinc : Of A Thickness Of 18 Swg And Below under HSN Code 72172010 is kg.. All invoices and GST returns must reflect quantities using this measurement standard.
Is HSN Code 72172010 mandatory for small businesses?
Yes, businesses dealing in Wire Of Iron Or Non-Alloy Steel - Plated Or Coated With Zinc : Of A Thickness Of 18 Swg And Below must use HSN 72172010 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 Wire Of Iron Or Non-Alloy Steel - Plated Or Coated With Zinc : Of A Thickness Of 18 Swg And Below?
Using incorrect classification can result in wrong tax calculation, rejected input credits, and penalties during assessment. Always verify HSN 72172010 for Iron And Steel goods before invoicing.
Do I need AD Code registration for exporting Wire Of Iron Or Non-Alloy Steel - Plated Or Coated With Zinc : Of A Thickness Of 18 Swg And Below?
Yes, AD Code registration is required for exporters dealing in Wire Of Iron Or Non-Alloy Steel - Plated Or Coated With Zinc : Of A Thickness Of 18 Swg And Below under Iron And Steel. This registration links your bank account to process foreign currency payments from overseas buyers.
