HSN Code 72259110 provides the tax classification for Galvannealed under Chapter 72 – Iron And Steel of the GST tariff. Businesses dealing in Galvannealed 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 72259110

The taxation of Galvannealed under HSN Code 72259110 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 72259110?

Every entity transacting in Galvannealed must quote HSN Code 72259110 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

Entering the Galvannealed market requires essential registrations. GST registration enables legal tax collection on HSN 72259110 goods. For cross-border trade in Iron And Steel items, secure an Import Export Code. Exporters additionally need AD Code registration for bank processing. Begin with company registration to establish your business entity.

Why Correct Classification Matters

Accurate application of HSN Code 72259110 for Galvannealed 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)

How many digits of HSN Code 72259110 should I mention on invoices?

The number of HSN digits depends on your annual turnover. Businesses with turnover above Rs 5 crore must mention 6 digits, while others may use 4 digits. Always use the complete HSN 72259110 for accurate classification of Galvannealed.

Can I claim input tax credit on Galvannealed purchases?

Yes, registered businesses can claim input tax credit on Galvannealed purchases made under HSN 72259110. Ensure your supplier mentions correct HSN code and GST rates (9.00%, 9.00%) on the invoice.

What is the difference between CGST and IGST for HSN 72259110?

CGST at 9.00% plus SGST/UTGST at 9.00% applies when Galvannealed is sold within the same state. IGST at 18.00% is charged when goods move across state borders or are imported.

Is Import Export Code necessary for trading Galvannealed domestically?

No, Import Export Code is only required if you plan to import or export Galvannealed internationally. For domestic trade within Iron And Steel, GST registration is sufficient.

More HSN codes from Chapter 72

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