Chapter 72 of the GST framework covers Iron And Steel, and HSN Code 72202090 specifically identifies Flat-Rolled Products Of Stainless Steel, Of A Width Of Less Than 600 Mm - Not Further Worked Than Cold-Rolled (Cold Reduced): Other 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 Less Than 600 Mm - Not Further Worked Than Cold-Rolled (Cold Reduced): Other. 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 72202090
Tax liability for Flat-Rolled Products Of Stainless Steel, Of A Width Of Less Than 600 Mm - Not Further Worked Than Cold-Rolled (Cold Reduced): Other under HSN 72202090 varies by transaction geography. CGST at 0.09 combined with SGST/UTGST at 0.09 applies to local sales. Interstate movement attracts IGST at 0.18. All billing for Chapter 72 – Iron And Steel products must use kg..
Who Should Use HSN Code 72202090?
All businesses supplying Flat-Rolled Products Of Stainless Steel, Of A Width Of Less Than 600 Mm - Not Further Worked Than Cold-Rolled (Cold Reduced): Other are obligated to use HSN 72202090 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
Commencing trade in Flat-Rolled Products Of Stainless Steel, Of A Width Of Less Than 600 Mm - Not Further Worked Than Cold-Rolled (Cold Reduced): Other? Secure GST registration to handle taxes on HSN 72202090 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 72202090 for Flat-Rolled Products Of Stainless Steel, Of A Width Of Less Than 600 Mm - Not Further Worked Than Cold-Rolled (Cold Reduced): Other 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 72202090 is used to classify Flat-Rolled Products Of Stainless Steel, Of A Width Of Less Than 600 Mm - Not Further Worked Than Cold-Rolled (Cold Reduced): Other 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 Less Than 600 Mm - Not Further Worked Than Cold-Rolled (Cold Reduced): Other, 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 Less Than 600 Mm - Not Further Worked Than Cold-Rolled (Cold Reduced): Other under HSN 72202090. 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.