HSN Code 72179012 provides the tax classification for Wire Of Iron Or Non-Alloy Steel - Other : Shaped And Profiled Wire : Of Cross Section Flat And Rectangular under Chapter 72 – Iron And Steel of the GST tariff. Businesses dealing in Wire Of Iron Or Non-Alloy Steel - Other : Shaped And Profiled Wire : Of Cross Section Flat And Rectangular 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 72179012
The tax structure for Wire Of Iron Or Non-Alloy Steel - Other : Shaped And Profiled Wire : Of Cross Section Flat And Rectangular under HSN Code 72179012 follows a dual taxation model. CGST is levied at 9.00% and SGST/UTGST at 9.00% for intrastate sales. Interstate transactions attract IGST at 18.00%. All invoices must record quantities in kg. as the standard measurement for goods under Chapter 72 – Iron And Steel.
Who Should Use HSN Code 72179012?
Every entity transacting in Wire Of Iron Or Non-Alloy Steel - Other : Shaped And Profiled Wire : Of Cross Section Flat And Rectangular must quote HSN Code 72179012 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 - Other : Shaped And Profiled Wire : Of Cross Section Flat And Rectangular market requires essential registrations. GST registration enables legal tax collection on HSN 72179012 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
Accurate application of HSN Code 72179012 for Wire Of Iron Or Non-Alloy Steel - Other : Shaped And Profiled Wire : Of Cross Section Flat And Rectangular enables legitimate input tax credit claims and prevents assessment disputes. Businesses under Chapter 72 – Iron And Steel should monitor rate updates (9.00%, 9.00%, 18.00%) through official notifications to maintain seamless compliance.
Frequently Asked Questions (FAQs)
Where can I find the official GST rate for HSN 72179012?
Official GST rates for Wire Of Iron Or Non-Alloy Steel - Other : Shaped And Profiled Wire : Of Cross Section Flat And Rectangular under HSN 72179012 are published in government notifications and the CBIC website. Current rates are CGST 9.00%, SGST/UTGST 9.00%, and IGST 18.00%.
Do online marketplaces need to mention HSN 72179012?
Yes, online marketplaces and e-commerce operators selling Wire Of Iron Or Non-Alloy Steel - Other : Shaped And Profiled Wire : Of Cross Section Flat And Rectangular must mention HSN Code 72179012 on invoices. This Iron And Steel classification applies to all sales channels under Chapter 72.
What documents are needed for company registration to trade in Wire Of Iron Or Non-Alloy Steel - Other : Shaped And Profiled Wire : Of Cross Section Flat And Rectangular?
For company registration, you need identity proof, address proof, and registered office documents. Once registered, apply for GST registration to start trading in Wire Of Iron Or Non-Alloy Steel - Other : Shaped And Profiled Wire : Of Cross Section Flat And Rectangular under HSN 72179012.
How often do GST rates change for Iron And Steel products?
GST rates for Wire Of Iron Or Non-Alloy Steel - Other : Shaped And Profiled Wire : Of Cross Section Flat And Rectangular and other Iron And Steel products under Chapter 72 may change through GST Council recommendations. Monitor official notifications to stay updated on 9.00%, 9.00%, and 18.00% revisions.
