Chapter 72 of the GST framework covers Iron And Steel, and HSN Code 72179091 specifically identifies Wire Of Iron Or Non-Alloy Steel - Other : Other : High Tensile Quality for taxation purposes. This classification is mandatory for all businesses engaged in the supply of Wire Of Iron Or Non-Alloy Steel - Other : Other : High Tensile Quality. Tax rates applicable include CGST at 9.00%, SGST/UTGST at 9.00%, and IGST at 18.00% for interstate movements. The standard 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 72179091

For Wire Of Iron Or Non-Alloy Steel - Other : Other : High Tensile Quality classified under HSN Code 72179091, tax computation follows GST principles. CGST at 9.00% plus SGST/UTGST at 9.00% covers intrastate sales. IGST at 18.00% applies to interstate transactions. kg. is the prescribed measurement for Iron And Steel under Chapter 72.

Who Should Use HSN Code 72179091?

Every entity transacting in Wire Of Iron Or Non-Alloy Steel - Other : Other : High Tensile Quality must quote HSN Code 72179091 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

Commencing trade in Wire Of Iron Or Non-Alloy Steel - Other : Other : High Tensile Quality? Secure GST registration to handle taxes on HSN 72179091 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

Proper use of HSN Code 72179091 for Wire Of Iron Or Non-Alloy Steel - Other : Other : High Tensile Quality 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 72179091?

The standard unit of measurement for Wire Of Iron Or Non-Alloy Steel - Other : Other : High Tensile Quality under HSN Code 72179091 is kg.. All invoices and GST returns must reflect quantities using this measurement standard.

Is HSN Code 72179091 mandatory for small businesses?

Yes, businesses dealing in Wire Of Iron Or Non-Alloy Steel - Other : Other : High Tensile Quality must use HSN 72179091 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 : Other : High Tensile Quality?

Using incorrect classification can result in wrong tax calculation, rejected input credits, and penalties during assessment. Always verify HSN 72179091 for Iron And Steel goods before invoicing.

Do I need AD Code registration for exporting Wire Of Iron Or Non-Alloy Steel - Other : Other : High Tensile Quality?

Yes, AD Code registration is required for exporters dealing in Wire Of Iron Or Non-Alloy Steel - Other : Other : High Tensile Quality under Iron And Steel. This registration links your bank account to process foreign currency payments from overseas buyers.

More HSN codes from Chapter 72

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