Chapter 72 of the GST framework covers Iron And Steel, and HSN Code 72261910 specifically identifies Flat Rolled Products Of Other Alloy Steel, Of A Width Of Less Than 600 Mm- Of Silicon-Electrical Steel - Other Than Grain Oriented - Hot Rolled 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 Less Than 600 Mm- Of Silicon-Electrical Steel - Other Than Grain Oriented - Hot Rolled. 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 72261910

Goods classified as Flat Rolled Products Of Other Alloy Steel, Of A Width Of Less Than 600 Mm- Of Silicon-Electrical Steel - Other Than Grain Oriented - Hot Rolled under HSN 72261910 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 72261910?

Every entity transacting in Flat Rolled Products Of Other Alloy Steel, Of A Width Of Less Than 600 Mm- Of Silicon-Electrical Steel - Other Than Grain Oriented - Hot Rolled must quote HSN Code 72261910 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

Planning to trade in Flat Rolled Products Of Other Alloy Steel, Of A Width Of Less Than 600 Mm- Of Silicon-Electrical Steel - Other Than Grain Oriented - Hot Rolled? Complete GST registration to legally collect taxes on goods under HSN 72261910. Businesses importing or exporting Iron And Steel products require an Import Export Code. AD Code registration is essential for exporters to process international payments. Entrepreneurs should secure company registration as the foundational step.

Why Correct Classification Matters

Using HSN Code 72261910 accurately for Flat Rolled Products Of Other Alloy Steel, Of A Width Of Less Than 600 Mm- Of Silicon-Electrical Steel - Other Than Grain Oriented - Hot Rolled avoids compliance issues and facilitates credit claims. Monitor changes to 9.00%, 9.00%, and 18.00% rates for Chapter 72 – Iron And Steel to maintain accurate filings and smooth business operations.

Frequently Asked Questions (FAQs)

Which chapter does HSN Code 72261910 belong to?

HSN Code 72261910 falls under Chapter 72 – Iron And Steel in the GST tariff schedule. This chapter covers various goods including Flat Rolled Products Of Other Alloy Steel, Of A Width Of Less Than 600 Mm- Of Silicon-Electrical Steel - Other Than Grain Oriented - Hot Rolled.

Is IGST applicable on Flat Rolled Products Of Other Alloy Steel, Of A Width Of Less Than 600 Mm- Of Silicon-Electrical Steel - Other Than Grain Oriented - Hot Rolled?

Yes, IGST at 18.00% is applicable when Flat Rolled Products Of Other Alloy Steel, Of A Width Of Less Than 600 Mm- Of Silicon-Electrical Steel - Other Than Grain Oriented - Hot Rolled 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 72261910?

Yes, e-commerce sellers dealing in Flat Rolled Products Of Other Alloy Steel, Of A Width Of Less Than 600 Mm- Of Silicon-Electrical Steel - Other Than Grain Oriented - Hot Rolled must use HSN 72261910 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.

More HSN codes from Chapter 72

Back to Top