Chapter 73 of the GST framework covers Articles Of Iron Or Steel, and HSN Code 73042990 specifically identifies Tubes, Pipes And Hollow Profiles, Seamless, Of Iron (Other Than Cast Iron) Or Steel - Casing, Tubing And Drill Pipe, Of A Kind Used In Drilling For Oil Or Gas: -- Other --- Other for taxation purposes. This classification is mandatory for all businesses engaged in the supply of Tubes, Pipes And Hollow Profiles, Seamless, Of Iron (Other Than Cast Iron) Or Steel - Casing, Tubing And Drill Pipe, Of A Kind Used In Drilling For Oil Or Gas: -- Other --- Other. Tax rates applicable include CGST at 0.09, SGST/UTGST at 0.09, and IGST at 0.18 for interstate movements. The standard unit of measurement is kg..

HSN Codes under Chapter 73 – Articles Of Iron Or Steel

Below are related HSN codes from Chapter 73 – Articles Of Iron Or Steel for your reference:

Chapter HSN Code Description CGST SGST/UTGST IGST
Articles Of Iron Or Steel... 73011000 Sheet Piling Of Iron Or Steel, Whether Or Not Dril... 0.09 0.09 0.18
Articles Of Iron Or Steel... 73012010 Sheet Piling Of Iron Or Steel, Whether Or Not Dril... 9.00% 9.00% 18.00%
Articles Of Iron Or Steel... 73012090 Sheet Piling Of Iron Or Steel, Whether Or Not Dril... 0.09 0.09 0.18
Articles Of Iron Or Steel... 73021010 Railway Or Tramway Track Construction Material Of ... N.a. N.a. N.a.
Articles Of Iron Or Steel... 73021011 Head Hardened Rails N.a. N.a. N.a.
Articles Of Iron Or Steel... 73021012 Asymmetric Rails With End Forging N.a. N.a. N.a.
Articles Of Iron Or Steel... 73021013 Asymmetric Rails Without End Forging N.a. N.a. N.a.
Articles Of Iron Or Steel... 73021014 Other Than Asymmetric Rails And Head Hardened Rail... N.a. N.a. N.a.
Articles Of Iron Or Steel... 73021019 Other N.a. N.a. N.a.
Articles Of Iron Or Steel... 73021020 Railway Or Tramway Track Construction Material Of ... N.a. N.a. N.a.

GST Rates for HSN 73042990

Goods classified as Tubes, Pipes And Hollow Profiles, Seamless, Of Iron (Other Than Cast Iron) Or Steel - Casing, Tubing And Drill Pipe, Of A Kind Used In Drilling For Oil Or Gas: -- Other --- Other under HSN 73042990 are taxed based on transaction type. Local sales attract CGST at 0.09 plus SGST/UTGST at 0.09. For supplies crossing state boundaries, IGST at 0.18 applies. Documentation must reflect kg. as the measurement standard for Chapter 73 – Articles Of Iron Or Steel products.

Who Should Use HSN Code 73042990?

Manufacturers, wholesalers, retailers, and exporters dealing in Tubes, Pipes And Hollow Profiles, Seamless, Of Iron (Other Than Cast Iron) Or Steel - Casing, Tubing And Drill Pipe, Of A Kind Used In Drilling For Oil Or Gas: -- Other --- Other are required to mention HSN 73042990 on all tax documents. This classification under Articles Of Iron Or Steel applies to businesses of all sizes operating within Chapter 73. Proper usage ensures accurate return filing and audit compliance.

Business Registration Requirements

Planning to trade in Tubes, Pipes And Hollow Profiles, Seamless, Of Iron (Other Than Cast Iron) Or Steel - Casing, Tubing And Drill Pipe, Of A Kind Used In Drilling For Oil Or Gas: -- Other --- Other? Complete GST registration to legally collect taxes on goods under HSN 73042990. Businesses importing or exporting Articles Of Iron Or 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

Accurate HSN Code 73042990 usage for Tubes, Pipes And Hollow Profiles, Seamless, Of Iron (Other Than Cast Iron) Or Steel - Casing, Tubing And Drill Pipe, Of A Kind Used In Drilling For Oil Or Gas: -- Other --- Other simplifies reconciliation and protects against penalties. Keep current with 0.09, 0.09, and 0.18 updates for Chapter 73 – Articles Of Iron Or Steel to ensure ongoing compliance.

Frequently Asked Questions (FAQs)

Which chapter does HSN Code 73042990 belong to?

HSN Code 73042990 falls under Chapter 73 – Articles Of Iron Or Steel in the GST tariff schedule. This chapter covers various goods including Tubes, Pipes And Hollow Profiles, Seamless, Of Iron (Other Than Cast Iron) Or Steel - Casing, Tubing And Drill Pipe, Of A Kind Used In Drilling For Oil Or Gas: -- Other --- Other.

Is IGST applicable on Tubes, Pipes And Hollow Profiles, Seamless, Of Iron (Other Than Cast Iron) Or Steel - Casing, Tubing And Drill Pipe, Of A Kind Used In Drilling For Oil Or Gas: -- Other --- Other?

Yes, IGST at 0.18 is applicable when Tubes, Pipes And Hollow Profiles, Seamless, Of Iron (Other Than Cast Iron) Or Steel - Casing, Tubing And Drill Pipe, Of A Kind Used In Drilling For Oil Or Gas: -- Other --- Other is supplied interstate or imported. For local sales within a state, CGST at 0.09 and SGST/UTGST at 0.09 apply instead.

Can e-commerce sellers use HSN Code 73042990?

Yes, e-commerce sellers dealing in Tubes, Pipes And Hollow Profiles, Seamless, Of Iron (Other Than Cast Iron) Or Steel - Casing, Tubing And Drill Pipe, Of A Kind Used In Drilling For Oil Or Gas: -- Other --- Other must use HSN 73042990 on their invoices. This applies to all online platforms operating under Articles Of Iron Or Steel classification.

How do I start an import business for Articles Of Iron Or Steel goods?

To import goods under Articles Of Iron Or Steel, complete GST registration first, then obtain an Import Export Code from DGFT. Proper company registration provides the legal foundation for your import operations.

More HSN codes from Chapter 73

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