Within Chapter 72 – Iron And Steel, HSN Code 72172030 serves as the official classification for Wire Of Iron Or Non-Alloy Steel - Plated Or Coated With Zinc : Of A Thickness Above 26 Swg. This code determines tax rates and compliance obligations for all entities trading in Wire Of Iron Or Non-Alloy Steel - Plated Or Coated With Zinc : Of A Thickness Above 26 Swg. CGST applies at 0.09, SGST/UTGST at 0.09 for local transactions, and IGST at 0.18 for interstate supplies. Measurement is standardized in 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 72172030
The tax structure for Wire Of Iron Or Non-Alloy Steel - Plated Or Coated With Zinc : Of A Thickness Above 26 Swg under HSN Code 72172030 follows a dual taxation model. CGST is levied at 0.09 and SGST/UTGST at 0.09 for intrastate sales. Interstate transactions attract IGST at 0.18. All invoices must record quantities in kg. as the standard measurement for goods under Chapter 72 – Iron And Steel.
Who Should Use HSN Code 72172030?
All businesses supplying Wire Of Iron Or Non-Alloy Steel - Plated Or Coated With Zinc : Of A Thickness Above 26 Swg are obligated to use HSN 72172030 on tax invoices. From producers to retailers within Iron And Steel, Chapter 72 classification ensures uniform tax treatment. This requirement applies regardless of turnover or business model.
Business Registration Requirements
Planning to trade in Wire Of Iron Or Non-Alloy Steel - Plated Or Coated With Zinc : Of A Thickness Above 26 Swg? Complete GST registration to legally collect taxes on goods under HSN 72172030. Businesses importing or exporting Iron And Steel products require an Import Export Code. AD Code registration is essential for exporters to process international payments. Entrepreneurs should secure company registration as the foundational step.
Why Correct Classification Matters
Correct HSN Code 72172030 application for Wire Of Iron Or Non-Alloy Steel - Plated Or Coated With Zinc : Of A Thickness Above 26 Swg ensures smooth input credit utilization and assessment processes. Track 0.09, 0.09, and 0.18 rate changes for Chapter 72 – Iron And Steel through official notifications for continuous compliance.
Frequently Asked Questions (FAQs)
The number of HSN digits depends on your annual turnover. Businesses with turnover above Rs 5 crore must mention 6 digits, while others may use 4 digits. Always use the complete HSN 72172030 for accurate classification of Wire Of Iron Or Non-Alloy Steel - Plated Or Coated With Zinc : Of A Thickness Above 26 Swg.
Yes, registered businesses can claim input tax credit on Wire Of Iron Or Non-Alloy Steel - Plated Or Coated With Zinc : Of A Thickness Above 26 Swg purchases made under HSN 72172030. Ensure your supplier mentions correct HSN code and GST rates (0.09, 0.09) on the invoice.
CGST at 0.09 plus SGST/UTGST at 0.09 applies when Wire Of Iron Or Non-Alloy Steel - Plated Or Coated With Zinc : Of A Thickness Above 26 Swg is sold within the same state. IGST at 0.18 is charged when goods move across state borders or are imported.
No, Import Export Code is only required if you plan to import or export Wire Of Iron Or Non-Alloy Steel - Plated Or Coated With Zinc : Of A Thickness Above 26 Swg internationally. For domestic trade within Iron And Steel, GST registration is sufficient.