Chapter 72 of the GST framework covers Iron And Steel, and HSN Code 72193520 specifically identifies Flat-Rolled Products Of Stainless Steel, Of A Width Of 600 Mm Or More - Not Further Worked Than Cold-Rolled (Cold Reduced) : Of A Thickness Of Less Than 0.5 Mm : Nickel Chromium Austenitic Type 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 Cold-Rolled (Cold Reduced) : Of A Thickness Of Less Than 0.5 Mm : Nickel Chromium Austenitic Type. 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 72193520
For Flat-Rolled Products Of Stainless Steel, Of A Width Of 600 Mm Or More - Not Further Worked Than Cold-Rolled (Cold Reduced) : Of A Thickness Of Less Than 0.5 Mm : Nickel Chromium Austenitic Type classified under HSN Code 72193520, 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 72193520?
All businesses supplying Flat-Rolled Products Of Stainless Steel, Of A Width Of 600 Mm Or More - Not Further Worked Than Cold-Rolled (Cold Reduced) : Of A Thickness Of Less Than 0.5 Mm : Nickel Chromium Austenitic Type are obligated to use HSN 72193520 on tax invoices. From producers to retailers within Iron And Steel, Chapter 72 classification ensures uniform tax treatment. This requirement applies regardless of turnover or business model.
Business Registration Requirements
Starting a business involving Flat-Rolled Products Of Stainless Steel, Of A Width Of 600 Mm Or More - Not Further Worked Than Cold-Rolled (Cold Reduced) : Of A Thickness Of Less Than 0.5 Mm : Nickel Chromium Austenitic Type? GST registration is mandatory for collecting and remitting taxes on HSN 72193520 goods. Companies planning international trade within Iron And Steel must obtain an Import Export Code. Exporters need AD Code registration for receiving foreign payments. New entrepreneurs should complete company registration before pursuing trade-specific approvals.
Why Correct Classification Matters
Accurate application of HSN Code 72193520 for Flat-Rolled Products Of Stainless Steel, Of A Width Of 600 Mm Or More - Not Further Worked Than Cold-Rolled (Cold Reduced) : Of A Thickness Of Less Than 0.5 Mm : Nickel Chromium Austenitic Type 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)
The standard unit of measurement for Flat-Rolled Products Of Stainless Steel, Of A Width Of 600 Mm Or More - Not Further Worked Than Cold-Rolled (Cold Reduced) : Of A Thickness Of Less Than 0.5 Mm : Nickel Chromium Austenitic Type under HSN Code 72193520 is kg.. All invoices and GST returns must reflect quantities using this measurement standard.
Yes, businesses dealing in Flat-Rolled Products Of Stainless Steel, Of A Width Of 600 Mm Or More - Not Further Worked Than Cold-Rolled (Cold Reduced) : Of A Thickness Of Less Than 0.5 Mm : Nickel Chromium Austenitic Type must use HSN 72193520 on invoices regardless of their size. The number of digits required may vary based on turnover thresholds set by GST rules.
Using incorrect classification can result in wrong tax calculation, rejected input credits, and penalties during assessment. Always verify HSN 72193520 for Iron And Steel goods before invoicing.
Yes, AD Code registration is required for exporters dealing in Flat-Rolled Products Of Stainless Steel, Of A Width Of 600 Mm Or More - Not Further Worked Than Cold-Rolled (Cold Reduced) : Of A Thickness Of Less Than 0.5 Mm : Nickel Chromium Austenitic Type under Iron And Steel. This registration links your bank account to process foreign currency payments from overseas buyers.