HSN Code 72230091 provides the tax classification for Wire Of Stainless Steel - Wire Of Stainless Steel : Other : Of Thickness Of Above 1.5 Mm under Chapter 72 – Iron And Steel of the GST tariff. Businesses dealing in Wire Of Stainless Steel - Wire Of Stainless Steel : Other : Of Thickness Of Above 1.5 Mm 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 72230091
Goods classified as Wire Of Stainless Steel - Wire Of Stainless Steel : Other : Of Thickness Of Above 1.5 Mm under HSN 72230091 are taxed based on transaction type. Local sales attract CGST at 9.00% plus SGST/UTGST at 9.00%. For supplies crossing state boundaries, IGST at 18.00% applies. Documentation must reflect kg. as the measurement standard for Chapter 72 – Iron And Steel products.
Who Should Use HSN Code 72230091?
All businesses supplying Wire Of Stainless Steel - Wire Of Stainless Steel : Other : Of Thickness Of Above 1.5 Mm are obligated to use HSN 72230091 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
Looking to deal in Wire Of Stainless Steel - Wire Of Stainless Steel : Other : Of Thickness Of Above 1.5 Mm? GST registration is your first compliance requirement for HSN 72230091 goods. International traders in Iron And Steel products must obtain an Import Export Code. AD Code registration facilitates export payment processing. Company registration should precede all other business approvals.
Why Correct Classification Matters
Accurate application of HSN Code 72230091 for Wire Of Stainless Steel - Wire Of Stainless Steel : Other : Of Thickness Of Above 1.5 Mm 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)
What is the unit of measurement for HSN 72230091?
The standard unit of measurement for Wire Of Stainless Steel - Wire Of Stainless Steel : Other : Of Thickness Of Above 1.5 Mm under HSN Code 72230091 is kg.. All invoices and GST returns must reflect quantities using this measurement standard.
Is HSN Code 72230091 mandatory for small businesses?
Yes, businesses dealing in Wire Of Stainless Steel - Wire Of Stainless Steel : Other : Of Thickness Of Above 1.5 Mm must use HSN 72230091 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 Stainless Steel - Wire Of Stainless Steel : Other : Of Thickness Of Above 1.5 Mm?
Using incorrect classification can result in wrong tax calculation, rejected input credits, and penalties during assessment. Always verify HSN 72230091 for Iron And Steel goods before invoicing.
Do I need AD Code registration for exporting Wire Of Stainless Steel - Wire Of Stainless Steel : Other : Of Thickness Of Above 1.5 Mm?
Yes, AD Code registration is required for exporters dealing in Wire Of Stainless Steel - Wire Of Stainless Steel : Other : Of Thickness Of Above 1.5 Mm under Iron And Steel. This registration links your bank account to process foreign currency payments from overseas buyers.
