72179013 is the designated HSN classification for Wire Of Iron Or Non-Alloy Steel - Other : Shaped And Profiled Wire : Of Cross Section `Z Shaped, 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 `Z Shaped 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 72179013
Tax liability for Wire Of Iron Or Non-Alloy Steel - Other : Shaped And Profiled Wire : Of Cross Section `Z Shaped under HSN 72179013 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 72179013?
Traders, manufacturers, and importers of Wire Of Iron Or Non-Alloy Steel - Other : Shaped And Profiled Wire : Of Cross Section `Z Shaped are required to mention HSN Code 72179013 on all GST documents. This Iron And Steel classification under Chapter 72 is mandatory for compliance across all business formats including online sellers.
Business Registration Requirements
Commencing trade in Wire Of Iron Or Non-Alloy Steel - Other : Shaped And Profiled Wire : Of Cross Section `Z Shaped? Secure GST registration to handle taxes on HSN 72179013 classified goods. Businesses with international operations in Iron And Steel need an Import Export Code. Exporters require AD Code registration for foreign currency receipts. Start with company registration to formalize your business structure.
Why Correct Classification Matters
Accurate application of HSN Code 72179013 for Wire Of Iron Or Non-Alloy Steel - Other : Shaped And Profiled Wire : Of Cross Section `Z Shaped 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)
How many digits of HSN Code 72179013 should I mention on invoices?
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 72179013 for accurate classification of Wire Of Iron Or Non-Alloy Steel - Other : Shaped And Profiled Wire : Of Cross Section `Z Shaped.
Can I claim input tax credit on Wire Of Iron Or Non-Alloy Steel - Other : Shaped And Profiled Wire : Of Cross Section `Z Shaped purchases?
Yes, registered businesses can claim input tax credit on Wire Of Iron Or Non-Alloy Steel - Other : Shaped And Profiled Wire : Of Cross Section `Z Shaped purchases made under HSN 72179013. Ensure your supplier mentions correct HSN code and GST rates (9.00%, 9.00%) on the invoice.
What is the difference between CGST and IGST for HSN 72179013?
CGST at 9.00% plus SGST/UTGST at 9.00% applies when Wire Of Iron Or Non-Alloy Steel - Other : Shaped And Profiled Wire : Of Cross Section `Z Shaped is sold within the same state. IGST at 18.00% is charged when goods move across state borders or are imported.
Is Import Export Code necessary for trading Wire Of Iron Or Non-Alloy Steel - Other : Shaped And Profiled Wire : Of Cross Section `Z Shaped domestically?
No, Import Export Code is only required if you plan to import or export Wire Of Iron Or Non-Alloy Steel - Other : Shaped And Profiled Wire : Of Cross Section `Z Shaped internationally. For domestic trade within Iron And Steel, GST registration is sufficient.
