HSN Code 72262012 provides the tax classification for Flat-Rolled Products Of Other Alloy Steel, Of A Width Of Less Than 600 Mm - Of High Speed Steel : Hot-Rolled : Other under Chapter 72 – Iron And Steel of the GST tariff. Businesses dealing in Flat-Rolled Products Of Other Alloy Steel, Of A Width Of Less Than 600 Mm - Of High Speed Steel : Hot-Rolled : Other 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 72262012
The taxation of Flat-Rolled Products Of Other Alloy Steel, Of A Width Of Less Than 600 Mm - Of High Speed Steel : Hot-Rolled : Other under HSN Code 72262012 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 72262012?
Traders, manufacturers, and importers of Flat-Rolled Products Of Other Alloy Steel, Of A Width Of Less Than 600 Mm - Of High Speed Steel : Hot-Rolled : Other are required to mention HSN Code 72262012 on all GST documents. This Iron And Steel classification under Chapter 72 is mandatory for compliance across all business formats including online sellers.
Business Registration Requirements
Commencing trade in Flat-Rolled Products Of Other Alloy Steel, Of A Width Of Less Than 600 Mm - Of High Speed Steel : Hot-Rolled : Other? Secure GST registration to handle taxes on HSN 72262012 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 72262012 application for Flat-Rolled Products Of Other Alloy Steel, Of A Width Of Less Than 600 Mm - Of High Speed Steel : Hot-Rolled : Other 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)
How many digits of HSN Code 72262012 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 72262012 for accurate classification of Flat-Rolled Products Of Other Alloy Steel, Of A Width Of Less Than 600 Mm - Of High Speed Steel : Hot-Rolled : Other.
Can I claim input tax credit on Flat-Rolled Products Of Other Alloy Steel, Of A Width Of Less Than 600 Mm - Of High Speed Steel : Hot-Rolled : Other purchases?
Yes, registered businesses can claim input tax credit on Flat-Rolled Products Of Other Alloy Steel, Of A Width Of Less Than 600 Mm - Of High Speed Steel : Hot-Rolled : Other purchases made under HSN 72262012. 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 72262012?
CGST at 9.00% plus SGST/UTGST at 9.00% applies when Flat-Rolled Products Of Other Alloy Steel, Of A Width Of Less Than 600 Mm - Of High Speed Steel : Hot-Rolled : Other 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 Flat-Rolled Products Of Other Alloy Steel, Of A Width Of Less Than 600 Mm - Of High Speed Steel : Hot-Rolled : Other domestically?
No, Import Export Code is only required if you plan to import or export Flat-Rolled Products Of Other Alloy Steel, Of A Width Of Less Than 600 Mm - Of High Speed Steel : Hot-Rolled : Other internationally. For domestic trade within Iron And Steel, GST registration is sufficient.
