Under the GST regime, HSN Code 72173020 classifies Wire Of Iron Or Non-Alloy Steel - Plated Or Coated With Other Base Metals : Of A Thickness Above 18 Swg But Up To 26 Swg 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 - Plated Or Coated With Other Base Metals : Of A Thickness Above 18 Swg But Up To 26 Swg. The applicable rates are CGST at 9.00%, SGST/UTGST at 9.00% for within-state sales, and IGST at 18.00% for interstate supplies. Goods are quantified using 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 72173020
Tax liability for Wire Of Iron Or Non-Alloy Steel - Plated Or Coated With Other Base Metals : Of A Thickness Above 18 Swg But Up To 26 Swg under HSN 72173020 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 72173020?
Every entity transacting in Wire Of Iron Or Non-Alloy Steel - Plated Or Coated With Other Base Metals : Of A Thickness Above 18 Swg But Up To 26 Swg must quote HSN Code 72173020 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 Other Base Metals : Of A Thickness Above 18 Swg But Up To 26 Swg market requires essential registrations. GST registration enables legal tax collection on HSN 72173020 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
Correct HSN Code 72173020 application for Wire Of Iron Or Non-Alloy Steel - Plated Or Coated With Other Base Metals : Of A Thickness Above 18 Swg But Up To 26 Swg ensures smooth input credit utilization and assessment processes. Track 9.00%, 9.00%, and 18.00% rate changes for Chapter 72 – Iron And Steel through official notifications for continuous compliance.
Frequently Asked Questions (FAQs)
HSN Code 72173020 is used to classify Wire Of Iron Or Non-Alloy Steel - Plated Or Coated With Other Base Metals : Of A Thickness Above 18 Swg But Up To 26 Swg under Chapter 72 – Iron And Steel for GST purposes. Businesses must mention this code on invoices to ensure correct tax calculation and compliance.
For Wire Of Iron Or Non-Alloy Steel - Plated Or Coated With Other Base Metals : Of A Thickness Above 18 Swg But Up To 26 Swg, CGST applies at 9.00% and SGST/UTGST at 9.00% for intrastate supplies. Interstate transactions are taxed under IGST at 18.00%.
Yes, GST registration is mandatory for businesses dealing in Wire Of Iron Or Non-Alloy Steel - Plated Or Coated With Other Base Metals : Of A Thickness Above 18 Swg But Up To 26 Swg under HSN 72173020. This enables you to legally collect taxes and claim input credits on purchases.
For importing goods under Iron And Steel, you need GST registration along with an Import Export Code. Exporters should also obtain AD Code registration for processing international payments.