Within Chapter 72 – Iron And Steel, HSN Code 72299021 serves as the official classification for Wire Of Other Alloy Steel - Other : Electrode Quality, Wire Rope Quality And Acsr Quality Not Insulated : Electrode Quality. This code determines tax rates and compliance obligations for all entities trading in Wire Of Other Alloy Steel - Other : Electrode Quality, Wire Rope Quality And Acsr Quality Not Insulated : Electrode 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 72299021
Goods classified as Wire Of Other Alloy Steel - Other : Electrode Quality, Wire Rope Quality And Acsr Quality Not Insulated : Electrode Quality under HSN 72299021 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 72299021?
Any business engaged in supplying Wire Of Other Alloy Steel - Other : Electrode Quality, Wire Rope Quality And Acsr Quality Not Insulated : Electrode Quality must apply HSN 72299021 on invoices. The Iron And Steel category under Chapter 72 requires this classification for wholesalers, retailers, exporters, and online marketplaces alike.
Business Registration Requirements
Looking to deal in Wire Of Other Alloy Steel - Other : Electrode Quality, Wire Rope Quality And Acsr Quality Not Insulated : Electrode Quality? GST registration is your first compliance requirement for HSN 72299021 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
Proper use of HSN Code 72299021 for Wire Of Other Alloy Steel - Other : Electrode Quality, Wire Rope Quality And Acsr Quality Not Insulated : Electrode Quality streamlines audit processes and supports valid credit claims. Stay updated on 9.00%, 9.00%, and 18.00% rates for Chapter 72 – Iron And Steel through government circulars to ensure uninterrupted compliance.
Frequently Asked Questions (FAQs)
How many digits of HSN Code 72299021 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 72299021 for accurate classification of Wire Of Other Alloy Steel - Other : Electrode Quality, Wire Rope Quality And Acsr Quality Not Insulated : Electrode Quality.
Can I claim input tax credit on Wire Of Other Alloy Steel - Other : Electrode Quality, Wire Rope Quality And Acsr Quality Not Insulated : Electrode Quality purchases?
Yes, registered businesses can claim input tax credit on Wire Of Other Alloy Steel - Other : Electrode Quality, Wire Rope Quality And Acsr Quality Not Insulated : Electrode Quality purchases made under HSN 72299021. 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 72299021?
CGST at 9.00% plus SGST/UTGST at 9.00% applies when Wire Of Other Alloy Steel - Other : Electrode Quality, Wire Rope Quality And Acsr Quality Not Insulated : Electrode 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 Wire Of Other Alloy Steel - Other : Electrode Quality, Wire Rope Quality And Acsr Quality Not Insulated : Electrode Quality domestically?
No, Import Export Code is only required if you plan to import or export Wire Of Other Alloy Steel - Other : Electrode Quality, Wire Rope Quality And Acsr Quality Not Insulated : Electrode Quality internationally. For domestic trade within Iron And Steel, GST registration is sufficient.
