Within Chapter 74 – Copper And Articles Thereof, HSN Code 74072921 serves as the official classification for Copper Bars, Rods And Profiles - Of Copper Alloys : Other : Profiles : Hollow. This code determines tax rates and compliance obligations for all entities trading in Copper Bars, Rods And Profiles - Of Copper Alloys : Other : Profiles : Hollow. 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 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 74072921
Tax liability for Copper Bars, Rods And Profiles - Of Copper Alloys : Other : Profiles : Hollow under HSN 74072921 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 74 – Copper And Articles Thereof products must use kg..
Who Should Use HSN Code 74072921?
Any business engaged in supplying Copper Bars, Rods And Profiles - Of Copper Alloys : Other : Profiles : Hollow must apply HSN 74072921 on invoices. The Copper And Articles Thereof category under Chapter 74 requires this classification for wholesalers, retailers, exporters, and online marketplaces alike.
Business Registration Requirements
Planning to trade in Copper Bars, Rods And Profiles - Of Copper Alloys : Other : Profiles : Hollow? Complete GST registration to legally collect taxes on goods under HSN 74072921. Businesses importing or exporting Copper And Articles Thereof 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
Proper use of HSN Code 74072921 for Copper Bars, Rods And Profiles - Of Copper Alloys : Other : Profiles : Hollow streamlines audit processes and supports valid credit claims. Stay updated on 9.00%, 9.00%, and 18.00% rates for Chapter 74 – Copper And Articles Thereof through government circulars to ensure uninterrupted compliance.
Frequently Asked Questions (FAQs)
How many digits of HSN Code 74072921 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 74072921 for accurate classification of Copper Bars, Rods And Profiles - Of Copper Alloys : Other : Profiles : Hollow.
Can I claim input tax credit on Copper Bars, Rods And Profiles - Of Copper Alloys : Other : Profiles : Hollow purchases?
Yes, registered businesses can claim input tax credit on Copper Bars, Rods And Profiles - Of Copper Alloys : Other : Profiles : Hollow purchases made under HSN 74072921. 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 74072921?
CGST at 9.00% plus SGST/UTGST at 9.00% applies when Copper Bars, Rods And Profiles - Of Copper Alloys : Other : Profiles : Hollow 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 Copper Bars, Rods And Profiles - Of Copper Alloys : Other : Profiles : Hollow domestically?
No, Import Export Code is only required if you plan to import or export Copper Bars, Rods And Profiles - Of Copper Alloys : Other : Profiles : Hollow internationally. For domestic trade within Copper And Articles Thereof, GST registration is sufficient.
