Within Chapter 72 – Iron And Steel, HSN Code 72279050 serves as the official classification for Bars And Rods, Hot-Rolled, In Irregularly Wound Coils, Of Other Alloy Steel - Other : Lead-Free Cutting Quality. This code determines tax rates and compliance obligations for all entities trading in Bars And Rods, Hot-Rolled, In Irregularly Wound Coils, Of Other Alloy Steel - Other : Lead-Free Cutting Quality. CGST applies at 9.00%, SGST/UTGST at 9.00% for local transactions, and IGST at 18.00% for interstate supplies. Measurement is standardized in 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 72279050
Goods classified as Bars And Rods, Hot-Rolled, In Irregularly Wound Coils, Of Other Alloy Steel - Other : Lead-Free Cutting Quality under HSN 72279050 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 72279050?
Any business engaged in supplying Bars And Rods, Hot-Rolled, In Irregularly Wound Coils, Of Other Alloy Steel - Other : Lead-Free Cutting Quality must apply HSN 72279050 on invoices. The Iron And Steel category under Chapter 72 requires this classification for wholesalers, retailers, exporters, and online marketplaces alike.
Business Registration Requirements
Starting a business involving Bars And Rods, Hot-Rolled, In Irregularly Wound Coils, Of Other Alloy Steel - Other : Lead-Free Cutting Quality? GST registration is mandatory for collecting and remitting taxes on HSN 72279050 goods. Companies planning international trade within Iron And Steel must obtain an Import Export Code. Exporters need AD Code registration for receiving foreign payments. New entrepreneurs should complete company registration before pursuing trade-specific approvals.
Why Correct Classification Matters
Using HSN Code 72279050 accurately for Bars And Rods, Hot-Rolled, In Irregularly Wound Coils, Of Other Alloy Steel - Other : Lead-Free Cutting 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)
HSN Code 72279050 is used to classify Bars And Rods, Hot-Rolled, In Irregularly Wound Coils, Of Other Alloy Steel - Other : Lead-Free Cutting Quality under Chapter 72 – Iron And Steel for GST purposes. Businesses must mention this code on invoices to ensure correct tax calculation and compliance.
For Bars And Rods, Hot-Rolled, In Irregularly Wound Coils, Of Other Alloy Steel - Other : Lead-Free Cutting Quality, 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 Bars And Rods, Hot-Rolled, In Irregularly Wound Coils, Of Other Alloy Steel - Other : Lead-Free Cutting Quality under HSN 72279050. 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.