Chapter 72 of the GST framework covers Iron And Steel, and HSN Code 72254020 specifically identifies Flat-Rolled Products Of Other Alloy Steel, Of A Width Of 600 Mm Or More - Other, Not Further Worked Than Hot-Rolled, Not In Coils : Of A Thickness Of 3 Mm And Above But Not Exceeding 4.75 Mm for taxation purposes. This classification is mandatory for all businesses engaged in the supply of Flat-Rolled Products Of Other Alloy Steel, Of A Width Of 600 Mm Or More - Other, Not Further Worked Than Hot-Rolled, Not In Coils : Of A Thickness Of 3 Mm And Above But Not Exceeding 4.75 Mm. 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 72254020

Tax liability for Flat-Rolled Products Of Other Alloy Steel, Of A Width Of 600 Mm Or More - Other, Not Further Worked Than Hot-Rolled, Not In Coils : Of A Thickness Of 3 Mm And Above But Not Exceeding 4.75 Mm under HSN 72254020 varies by transaction geography. CGST at 9.00% combined with SGST/UTGST at 9.00% applies to local sales. Interstate movement attracts IGST at 18.00%. All billing for Chapter 72 – Iron And Steel products must use kg..

Who Should Use HSN Code 72254020?

Any business engaged in supplying Flat-Rolled Products Of Other Alloy Steel, Of A Width Of 600 Mm Or More - Other, Not Further Worked Than Hot-Rolled, Not In Coils : Of A Thickness Of 3 Mm And Above But Not Exceeding 4.75 Mm must apply HSN 72254020 on invoices. The Iron And Steel category under Chapter 72 requires this classification for wholesalers, retailers, exporters, and online marketplaces alike.

Business Registration Requirements

Commencing trade in Flat-Rolled Products Of Other Alloy Steel, Of A Width Of 600 Mm Or More - Other, Not Further Worked Than Hot-Rolled, Not In Coils : Of A Thickness Of 3 Mm And Above But Not Exceeding 4.75 Mm? Secure GST registration to handle taxes on HSN 72254020 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 HSN Code 72254020 usage for Flat-Rolled Products Of Other Alloy Steel, Of A Width Of 600 Mm Or More - Other, Not Further Worked Than Hot-Rolled, Not In Coils : Of A Thickness Of 3 Mm And Above But Not Exceeding 4.75 Mm simplifies reconciliation and protects against penalties. Keep current with 9.00%, 9.00%, and 18.00% updates for Chapter 72 – Iron And Steel to ensure ongoing compliance.

Frequently Asked Questions (FAQs)

What is HSN Code 72254020 used for?

HSN Code 72254020 is used to classify Flat-Rolled Products Of Other Alloy Steel, Of A Width Of 600 Mm Or More - Other, Not Further Worked Than Hot-Rolled, Not In Coils : Of A Thickness Of 3 Mm And Above But Not Exceeding 4.75 Mm under Chapter 72 – Iron And Steel for GST purposes. Businesses must mention this code on invoices to ensure correct tax calculation and compliance.

What are the GST rates applicable on HSN 72254020?

For Flat-Rolled Products Of Other Alloy Steel, Of A Width Of 600 Mm Or More - Other, Not Further Worked Than Hot-Rolled, Not In Coils : Of A Thickness Of 3 Mm And Above But Not Exceeding 4.75 Mm, CGST applies at 9.00% and SGST/UTGST at 9.00% for intrastate supplies. Interstate transactions are taxed under IGST at 18.00%.

Do I need GST registration to trade in Flat-Rolled Products Of Other Alloy Steel, Of A Width Of 600 Mm Or More - Other, Not Further Worked Than Hot-Rolled, Not In Coils : Of A Thickness Of 3 Mm And Above But Not Exceeding 4.75 Mm?

Yes, GST registration is mandatory for businesses dealing in Flat-Rolled Products Of Other Alloy Steel, Of A Width Of 600 Mm Or More - Other, Not Further Worked Than Hot-Rolled, Not In Coils : Of A Thickness Of 3 Mm And Above But Not Exceeding 4.75 Mm under HSN 72254020. This enables you to legally collect taxes and claim input credits on purchases.

What registrations are required for importing Flat-Rolled Products Of Other Alloy Steel, Of A Width Of 600 Mm Or More - Other, Not Further Worked Than Hot-Rolled, Not In Coils : Of A Thickness Of 3 Mm And Above But Not Exceeding 4.75 Mm?

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.

More HSN codes from Chapter 72

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