Chapter 72 of the GST framework covers Iron And Steel, and HSN Code 72191400 specifically identifies Flat-Rolled Products Of Stainless Steel, Of A Width Of 600 Mm Or More - Not Further Worked Than Hot-Rolled, In Coils : Of A Thickness Of Less Than 3 Mm for taxation purposes. This classification is mandatory for all businesses engaged in the supply of Flat-Rolled Products Of Stainless Steel, Of A Width Of 600 Mm Or More - Not Further Worked Than Hot-Rolled, In Coils : Of A Thickness Of Less Than 3 Mm. Tax rates applicable include CGST at 0.09, SGST/UTGST at 0.09, and IGST at 0.18 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 72191400
For Flat-Rolled Products Of Stainless Steel, Of A Width Of 600 Mm Or More - Not Further Worked Than Hot-Rolled, In Coils : Of A Thickness Of Less Than 3 Mm classified under HSN Code 72191400, tax computation follows GST principles. CGST at 0.09 plus SGST/UTGST at 0.09 covers intrastate sales. IGST at 0.18 applies to interstate transactions. kg. is the prescribed measurement for Iron And Steel under Chapter 72.
Who Should Use HSN Code 72191400?
Traders, manufacturers, and importers of Flat-Rolled Products Of Stainless Steel, Of A Width Of 600 Mm Or More - Not Further Worked Than Hot-Rolled, In Coils : Of A Thickness Of Less Than 3 Mm are required to mention HSN Code 72191400 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 Flat-Rolled Products Of Stainless Steel, Of A Width Of 600 Mm Or More - Not Further Worked Than Hot-Rolled, In Coils : Of A Thickness Of Less Than 3 Mm? Secure GST registration to handle taxes on HSN 72191400 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 72191400 for Flat-Rolled Products Of Stainless Steel, Of A Width Of 600 Mm Or More - Not Further Worked Than Hot-Rolled, In Coils : Of A Thickness Of Less Than 3 Mm enables legitimate input tax credit claims and prevents assessment disputes. Businesses under Chapter 72 – Iron And Steel should monitor rate updates (0.09, 0.09, 0.18) through official notifications to maintain seamless compliance.
Frequently Asked Questions (FAQs)
HSN Code 72191400 is used to classify Flat-Rolled Products Of Stainless Steel, Of A Width Of 600 Mm Or More - Not Further Worked Than Hot-Rolled, In Coils : Of A Thickness Of Less Than 3 Mm under Chapter 72 – Iron And Steel for GST purposes. Businesses must mention this code on invoices to ensure correct tax calculation and compliance.
For Flat-Rolled Products Of Stainless Steel, Of A Width Of 600 Mm Or More - Not Further Worked Than Hot-Rolled, In Coils : Of A Thickness Of Less Than 3 Mm, CGST applies at 0.09 and SGST/UTGST at 0.09 for intrastate supplies. Interstate transactions are taxed under IGST at 0.18.
Yes, GST registration is mandatory for businesses dealing in Flat-Rolled Products Of Stainless Steel, Of A Width Of 600 Mm Or More - Not Further Worked Than Hot-Rolled, In Coils : Of A Thickness Of Less Than 3 Mm under HSN 72191400. This enables you to legally collect taxes and claim input credits on purchases.
For importing goods under Iron And Steel, you need GST registration along with an Import Export Code. Exporters should also obtain AD Code registration for processing international payments.