HSN Code 72172020 provides the tax classification for Wire Of Iron Or Non-Alloy Steel - Plated Or Coated With Zinc : Of A Thickness Above 18 Swg But Up To 26 Swg 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 Above 18 Swg But Up To 26 Swg 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 72172020
Tax liability for Wire Of Iron Or Non-Alloy Steel - Plated Or Coated With Zinc : Of A Thickness Above 18 Swg But Up To 26 Swg under HSN 72172020 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 72172020?
Every entity transacting in Wire Of Iron Or Non-Alloy Steel - Plated Or Coated With Zinc : Of A Thickness Above 18 Swg But Up To 26 Swg must quote HSN Code 72172020 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 Wire Of Iron Or Non-Alloy Steel - Plated Or Coated With Zinc : Of A Thickness Above 18 Swg But Up To 26 Swg market requires essential registrations. GST registration enables legal tax collection on HSN 72172020 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 72172020 for Wire Of Iron Or Non-Alloy Steel - Plated Or Coated With Zinc : Of A Thickness Above 18 Swg But Up To 26 Swg 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)
Which chapter does HSN Code 72172020 belong to?
HSN Code 72172020 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 - Plated Or Coated With Zinc : Of A Thickness Above 18 Swg But Up To 26 Swg.
Is IGST applicable on Wire Of Iron Or Non-Alloy Steel - Plated Or Coated With Zinc : Of A Thickness Above 18 Swg But Up To 26 Swg?
Yes, IGST at 18.00% is applicable when Wire Of Iron Or Non-Alloy Steel - Plated Or Coated With Zinc : Of A Thickness Above 18 Swg But Up To 26 Swg is supplied interstate or imported. For local sales within a state, CGST at 9.00% and SGST/UTGST at 9.00% apply instead.
Can e-commerce sellers use HSN Code 72172020?
Yes, e-commerce sellers dealing in Wire Of Iron Or Non-Alloy Steel - Plated Or Coated With Zinc : Of A Thickness Above 18 Swg But Up To 26 Swg must use HSN 72172020 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.
