72179011 is the designated HSN classification for Wire Of Iron Or Non-Alloy Steel - Other : Shaped And Profiled Wire : Of Cross Section Half Round, categorized under Chapter 72 – Iron And Steel in the GST tariff structure. Businesses involved in trading, manufacturing, or importing Wire Of Iron Or Non-Alloy Steel - Other : Shaped And Profiled Wire : Of Cross Section Half Round must apply this code correctly on invoices and tax returns. The applicable tax rates include CGST at 9.00%, SGST/UTGST at 9.00% for local transactions, and IGST at 18.00% for interstate supplies. Quantities are measured in kg. for billing purposes.
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 72179011
Tax liability for Wire Of Iron Or Non-Alloy Steel - Other : Shaped And Profiled Wire : Of Cross Section Half Round under HSN 72179011 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 72179011?
All businesses supplying Wire Of Iron Or Non-Alloy Steel - Other : Shaped And Profiled Wire : Of Cross Section Half Round are obligated to use HSN 72179011 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
Entering the Wire Of Iron Or Non-Alloy Steel - Other : Shaped And Profiled Wire : Of Cross Section Half Round market requires essential registrations. GST registration enables legal tax collection on HSN 72179011 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 72179011 for Wire Of Iron Or Non-Alloy Steel - Other : Shaped And Profiled Wire : Of Cross Section Half Round 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)
What is the unit of measurement for HSN 72179011?
The standard unit of measurement for Wire Of Iron Or Non-Alloy Steel - Other : Shaped And Profiled Wire : Of Cross Section Half Round under HSN Code 72179011 is kg.. All invoices and GST returns must reflect quantities using this measurement standard.
Is HSN Code 72179011 mandatory for small businesses?
Yes, businesses dealing in Wire Of Iron Or Non-Alloy Steel - Other : Shaped And Profiled Wire : Of Cross Section Half Round must use HSN 72179011 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 - Other : Shaped And Profiled Wire : Of Cross Section Half Round?
Using incorrect classification can result in wrong tax calculation, rejected input credits, and penalties during assessment. Always verify HSN 72179011 for Iron And Steel goods before invoicing.
Do I need AD Code registration for exporting Wire Of Iron Or Non-Alloy Steel - Other : Shaped And Profiled Wire : Of Cross Section Half Round?
Yes, AD Code registration is required for exporters dealing in Wire Of Iron Or Non-Alloy Steel - Other : Shaped And Profiled Wire : Of Cross Section Half Round under Iron And Steel. This registration links your bank account to process foreign currency payments from overseas buyers.
