Under the GST regime, HSN Code 74072120 classifies Copper Bars, Rods And Profiles - Of Copper Alloys : Of Copper-Zinc Base Alloys (Brass) : Rods within Chapter 74 – Copper And Articles Thereof. This code is essential for businesses to correctly calculate and remit taxes on Copper Bars, Rods And Profiles - Of Copper Alloys : Of Copper-Zinc Base Alloys (Brass) : Rods. 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 74 – Copper And Articles Thereof
Below are related HSN codes from Chapter 74 – Copper And Articles Thereof for your reference:
| Chapter | HSN Code | Description | CGST | SGST/UTGST | IGST |
|---|---|---|---|---|---|
| Copper And Articles Thereof... | 74010010 | Copper Mattes; Cement Copper (Precipitated Copper)... | 9.00% | 9.00% | 18.00% |
| Copper And Articles Thereof... | 74010090 | Copper Mattes; Cement Copper (Precipitated Copper)... | 0.09 | 0.09 | 0.18 |
| Copper And Articles Thereof... | 74011000 | Copper Mattes; Cement Copper (Precipitated Copper)... | N.a. | N.a. | N.a. |
| Copper And Articles Thereof... | 74012000 | Copper Mattes; Cement Copper (Precipitated Copper)... | N.a. | N.a. | N.a. |
| Copper And Articles Thereof... | 74020010 | Unrefined Copper; Copper Anodes For Electrolytic R... | 9.00% | 9.00% | 18.00% |
| Copper And Articles Thereof... | 74020090 | Unrefined Copper; Copper Anodes For Electrolytic R... | 0.09 | 0.09 | 0.18 |
| Copper And Articles Thereof... | 74031100 | Refined Copper And Copper Alloys, Unwrought - Refi... | 0.09 | 0.09 | 0.18 |
| Copper And Articles Thereof... | 74031200 | Refined Copper And Copper Alloys, Unwrought - Refi... | 0.09 | 0.09 | 0.18 |
| Copper And Articles Thereof... | 74031300 | Refined Copper And Copper Alloys, Unwrought - Refi... | 0.09 | 0.09 | 0.18 |
| Copper And Articles Thereof... | 74031900 | Refined Copper And Copper Alloys, Unwrought - Refi... | 0.09 | 0.09 | 0.18 |
GST Rates for HSN 74072120
Goods classified as Copper Bars, Rods And Profiles - Of Copper Alloys : Of Copper-Zinc Base Alloys (Brass) : Rods under HSN 74072120 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 74 – Copper And Articles Thereof products.
Who Should Use HSN Code 74072120?
Traders, manufacturers, and importers of Copper Bars, Rods And Profiles - Of Copper Alloys : Of Copper-Zinc Base Alloys (Brass) : Rods are required to mention HSN Code 74072120 on all GST documents. This Copper And Articles Thereof classification under Chapter 74 is mandatory for compliance across all business formats including online sellers.
Business Registration Requirements
Commencing trade in Copper Bars, Rods And Profiles - Of Copper Alloys : Of Copper-Zinc Base Alloys (Brass) : Rods? Secure GST registration to handle taxes on HSN 74072120 classified goods. Businesses with international operations in Copper And Articles Thereof need an Import Export Code. Exporters require AD Code registration for foreign currency receipts. Start with company registration to formalize your business structure.
Why Correct Classification Matters
Using HSN Code 74072120 accurately for Copper Bars, Rods And Profiles - Of Copper Alloys : Of Copper-Zinc Base Alloys (Brass) : Rods avoids compliance issues and facilitates credit claims. Monitor changes to 9.00%, 9.00%, and 18.00% rates for Chapter 74 – Copper And Articles Thereof to maintain accurate filings and smooth business operations.
Frequently Asked Questions (FAQs)
What is HSN Code 74072120 used for?
HSN Code 74072120 is used to classify Copper Bars, Rods And Profiles - Of Copper Alloys : Of Copper-Zinc Base Alloys (Brass) : Rods under Chapter 74 – Copper And Articles Thereof for GST purposes. Businesses must mention this code on invoices to ensure correct tax calculation and compliance.
What are the GST rates applicable on HSN 74072120?
For Copper Bars, Rods And Profiles - Of Copper Alloys : Of Copper-Zinc Base Alloys (Brass) : Rods, CGST applies at 9.00% and SGST/UTGST at 9.00% for intrastate supplies. Interstate transactions are taxed under IGST at 18.00%.
Do I need GST registration to trade in Copper Bars, Rods And Profiles - Of Copper Alloys : Of Copper-Zinc Base Alloys (Brass) : Rods?
Yes, GST registration is mandatory for businesses dealing in Copper Bars, Rods And Profiles - Of Copper Alloys : Of Copper-Zinc Base Alloys (Brass) : Rods under HSN 74072120. This enables you to legally collect taxes and claim input credits on purchases.
What registrations are required for importing Copper Bars, Rods And Profiles - Of Copper Alloys : Of Copper-Zinc Base Alloys (Brass) : Rods?
For importing goods under Copper And Articles Thereof, you need GST registration along with an Import Export Code. Exporters should also obtain AD Code registration for processing international payments.
