72262021 is the designated HSN classification for Flat-Rolled Products Of Other Alloy Steel, Of A Width Of Less Than 600 Mm - Of High Speed Steel : Cold-Rolled : In Coils, categorized under Chapter 72 – Iron And Steel in the GST tariff structure. Businesses involved in trading, manufacturing, or importing Flat-Rolled Products Of Other Alloy Steel, Of A Width Of Less Than 600 Mm - Of High Speed Steel : Cold-Rolled : In Coils must apply this code correctly on invoices and tax returns. The applicable tax rates include CGST at 9.00%, SGST/UTGST at 9.00% for local transactions, and IGST at 18.00% for interstate supplies. Quantities are measured in kg. for billing purposes.
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 72262021
The tax structure for Flat-Rolled Products Of Other Alloy Steel, Of A Width Of Less Than 600 Mm - Of High Speed Steel : Cold-Rolled : In Coils under HSN Code 72262021 follows a dual taxation model. CGST is levied at 9.00% and SGST/UTGST at 9.00% for intrastate sales. Interstate transactions attract IGST at 18.00%. All invoices must record quantities in kg. as the standard measurement for goods under Chapter 72 – Iron And Steel.
Who Should Use HSN Code 72262021?
Every entity transacting in Flat-Rolled Products Of Other Alloy Steel, Of A Width Of Less Than 600 Mm - Of High Speed Steel : Cold-Rolled : In Coils must quote HSN Code 72262021 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
Looking to deal in Flat-Rolled Products Of Other Alloy Steel, Of A Width Of Less Than 600 Mm - Of High Speed Steel : Cold-Rolled : In Coils? GST registration is your first compliance requirement for HSN 72262021 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 HSN Code 72262021 usage for Flat-Rolled Products Of Other Alloy Steel, Of A Width Of Less Than 600 Mm - Of High Speed Steel : Cold-Rolled : In Coils 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)
HSN Code 72262021 is used to classify Flat-Rolled Products Of Other Alloy Steel, Of A Width Of Less Than 600 Mm - Of High Speed Steel : Cold-Rolled : In Coils under Chapter 72 – Iron And Steel for GST purposes. Businesses must mention this code on invoices to ensure correct tax calculation and compliance.
For Flat-Rolled Products Of Other Alloy Steel, Of A Width Of Less Than 600 Mm - Of High Speed Steel : Cold-Rolled : In Coils, CGST applies at 9.00% and SGST/UTGST at 9.00% for intrastate supplies. Interstate transactions are taxed under IGST at 18.00%.
Yes, GST registration is mandatory for businesses dealing in Flat-Rolled Products Of Other Alloy Steel, Of A Width Of Less Than 600 Mm - Of High Speed Steel : Cold-Rolled : In Coils under HSN 72262021. This enables you to legally collect taxes and claim input credits on purchases.
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.