Within Chapter 72 – Iron And Steel, HSN Code 72179019 serves as the official classification for Wire Of Iron Or Non-Alloy Steel - Other : Shaped And Profiled Wire : Of Cross Section Other Shapes. This code determines tax rates and compliance obligations for all entities trading in Wire Of Iron Or Non-Alloy Steel - Other : Shaped And Profiled Wire : Of Cross Section Other Shapes. CGST applies at 9.00%, SGST/UTGST at 9.00% for local transactions, and IGST at 18.00% 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 72179019
Tax liability for Wire Of Iron Or Non-Alloy Steel - Other : Shaped And Profiled Wire : Of Cross Section Other Shapes under HSN 72179019 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 72179019?
Any business engaged in supplying Wire Of Iron Or Non-Alloy Steel - Other : Shaped And Profiled Wire : Of Cross Section Other Shapes must apply HSN 72179019 on invoices. The Iron And Steel category under Chapter 72 requires this classification for wholesalers, retailers, exporters, and online marketplaces alike.
Business Registration Requirements
Commencing trade in Wire Of Iron Or Non-Alloy Steel - Other : Shaped And Profiled Wire : Of Cross Section Other Shapes? Secure GST registration to handle taxes on HSN 72179019 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 72179019 for Wire Of Iron Or Non-Alloy Steel - Other : Shaped And Profiled Wire : Of Cross Section Other Shapes 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)
What is the unit of measurement for HSN 72179019?
The standard unit of measurement for Wire Of Iron Or Non-Alloy Steel - Other : Shaped And Profiled Wire : Of Cross Section Other Shapes under HSN Code 72179019 is kg.. All invoices and GST returns must reflect quantities using this measurement standard.
Is HSN Code 72179019 mandatory for small businesses?
Yes, businesses dealing in Wire Of Iron Or Non-Alloy Steel - Other : Shaped And Profiled Wire : Of Cross Section Other Shapes must use HSN 72179019 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 Other Shapes?
Using incorrect classification can result in wrong tax calculation, rejected input credits, and penalties during assessment. Always verify HSN 72179019 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 Other Shapes?
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 Other Shapes under Iron And Steel. This registration links your bank account to process foreign currency payments from overseas buyers.
