HSN Code 72223011 provides the tax classification for Other Bars And Rods Of Stainless Steel; Angles, Shapes And Sections Of Stainless Steel - Other Bars And Rods : Bright Bars : Chromium Type under Chapter 72 – Iron And Steel of the GST tariff. Businesses dealing in Other Bars And Rods Of Stainless Steel; Angles, Shapes And Sections Of Stainless Steel - Other Bars And Rods : Bright Bars : Chromium Type must use this code for proper invoicing and return filing. Applicable taxes include CGST at 9.00%, SGST/UTGST at 9.00%, and IGST at 18.00%. The recognized 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 72223011
The taxation of Other Bars And Rods Of Stainless Steel; Angles, Shapes And Sections Of Stainless Steel - Other Bars And Rods : Bright Bars : Chromium Type under HSN Code 72223011 depends on supply location. Intrastate transactions require CGST at 9.00% and SGST/UTGST at 9.00%. Interstate supplies are charged IGST at 18.00%. Invoices should consistently use kg. for Iron And Steel goods under Chapter 72.
Who Should Use HSN Code 72223011?
Every entity transacting in Other Bars And Rods Of Stainless Steel; Angles, Shapes And Sections Of Stainless Steel - Other Bars And Rods : Bright Bars : Chromium Type must quote HSN Code 72223011 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 Other Bars And Rods Of Stainless Steel; Angles, Shapes And Sections Of Stainless Steel - Other Bars And Rods : Bright Bars : Chromium Type? Secure GST registration to handle taxes on HSN 72223011 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
Correct HSN Code 72223011 application for Other Bars And Rods Of Stainless Steel; Angles, Shapes And Sections Of Stainless Steel - Other Bars And Rods : Bright Bars : Chromium Type ensures smooth input credit utilization and assessment processes. Track 9.00%, 9.00%, and 18.00% rate changes for Chapter 72 – Iron And Steel through official notifications for continuous compliance.
Frequently Asked Questions (FAQs)
Which chapter does HSN Code 72223011 belong to?
HSN Code 72223011 falls under Chapter 72 – Iron And Steel in the GST tariff schedule. This chapter covers various goods including Other Bars And Rods Of Stainless Steel; Angles, Shapes And Sections Of Stainless Steel - Other Bars And Rods : Bright Bars : Chromium Type.
Is IGST applicable on Other Bars And Rods Of Stainless Steel; Angles, Shapes And Sections Of Stainless Steel - Other Bars And Rods : Bright Bars : Chromium Type?
Yes, IGST at 18.00% is applicable when Other Bars And Rods Of Stainless Steel; Angles, Shapes And Sections Of Stainless Steel - Other Bars And Rods : Bright Bars : Chromium Type is supplied interstate or imported. For local sales within a state, CGST at 9.00% and SGST/UTGST at 9.00% apply instead.
Can e-commerce sellers use HSN Code 72223011?
Yes, e-commerce sellers dealing in Other Bars And Rods Of Stainless Steel; Angles, Shapes And Sections Of Stainless Steel - Other Bars And Rods : Bright Bars : Chromium Type must use HSN 72223011 on their invoices. This applies to all online platforms operating under Iron And Steel classification.
How do I start an import business for Iron And Steel goods?
To import goods under Iron And Steel, complete GST registration first, then obtain an Import Export Code from DGFT. Proper company registration provides the legal foundation for your import operations.
