Under the GST regime, HSN Code 72279010 classifies Bars And Rods, Hot-Rolled, In Irregularly Wound Coils, Of Other Alloy Steel - Other : Valve Spring Steel Quality within Chapter 72 – Iron And Steel. This code is essential for businesses to correctly calculate and remit taxes on Bars And Rods, Hot-Rolled, In Irregularly Wound Coils, Of Other Alloy Steel - Other : Valve Spring Steel Quality. The applicable rates are CGST at 9.00%, SGST/UTGST at 9.00% for within-state sales, and IGST at 18.00% for interstate supplies. Goods are quantified using 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 72279010
Tax liability for Bars And Rods, Hot-Rolled, In Irregularly Wound Coils, Of Other Alloy Steel - Other : Valve Spring Steel Quality under HSN 72279010 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 72279010?
Every entity transacting in Bars And Rods, Hot-Rolled, In Irregularly Wound Coils, Of Other Alloy Steel - Other : Valve Spring Steel Quality must quote HSN Code 72279010 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 Bars And Rods, Hot-Rolled, In Irregularly Wound Coils, Of Other Alloy Steel - Other : Valve Spring Steel Quality? Complete GST registration to legally collect taxes on goods under HSN 72279010. 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 72279010 accurately for Bars And Rods, Hot-Rolled, In Irregularly Wound Coils, Of Other Alloy Steel - Other : Valve Spring Steel Quality 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)
How many digits of HSN Code 72279010 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 72279010 for accurate classification of Bars And Rods, Hot-Rolled, In Irregularly Wound Coils, Of Other Alloy Steel - Other : Valve Spring Steel Quality.
Can I claim input tax credit on Bars And Rods, Hot-Rolled, In Irregularly Wound Coils, Of Other Alloy Steel - Other : Valve Spring Steel Quality purchases?
Yes, registered businesses can claim input tax credit on Bars And Rods, Hot-Rolled, In Irregularly Wound Coils, Of Other Alloy Steel - Other : Valve Spring Steel Quality purchases made under HSN 72279010. 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 72279010?
CGST at 9.00% plus SGST/UTGST at 9.00% applies when Bars And Rods, Hot-Rolled, In Irregularly Wound Coils, Of Other Alloy Steel - Other : Valve Spring Steel Quality 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 Bars And Rods, Hot-Rolled, In Irregularly Wound Coils, Of Other Alloy Steel - Other : Valve Spring Steel Quality domestically?
No, Import Export Code is only required if you plan to import or export Bars And Rods, Hot-Rolled, In Irregularly Wound Coils, Of Other Alloy Steel - Other : Valve Spring Steel Quality internationally. For domestic trade within Iron And Steel, GST registration is sufficient.
