Iron steel bar HSN Code

GST rates and HSN code for Iron steel bar.

ChapterDescriptionHSN CodeRate (%)CESS (%)Effective DateRate Revision
Articles of <strong>iron</strong> or <strong>steel</strong>Barbed Wire Of Iron Or Steel; Twisted Hoop Or Single Flat Wire, Barbed Or Not, And Loosely Twisted Double Wire, Of A Kind Used For Fencing, Of Iron Or SteelBarbed Wire Of Iron Or Steel; Twisted Hoop Or Single Flat Wire, Barbed Or Not, And Loosely Twist7313001018%01/07/2017
Barbed Wire Of Iron Or Steel; Twisted Hoop Or Single Flat Wire, Barbed Or Not, And Loosely Twisted Double Wire, Of A Kind Used For Fencing, Of Iron Or SteelBarbed Wire Of Iron Or Steel; Twisted Hoop Or Single Flat Wire, Barbed Or Not, And Loosely Twist7313002018%01/07/2017
Barbed Wire Of Iron Or Steel; Twisted Hoop Or Single Flat Wire, Barbed Or Not, And Loosely Twisted Double Wire, Of A Kind Used For Fencing, Of Iron Or Steel73130018%01/07/2017
Barbed Wire Of Iron Or Steel; Twisted Hoop Or Single Flat Wire, Barbed Or Not, And Loosely Twisted Double Wire, Of A Kind Used For Fencing, Of Iron Or Steel731318%01/07/2017
<strong>Iron</strong> and <strong>steel</strong>Other Bars And Rods Of Stainless Steel; Angles, Shapes And Sections Of Stainless SteelBars And Rods, Not Further Worked Than Cold Formed Or Cold-Finished : Bright Bars : Chromium Type7222201118%01/07/2017
Other Bars And Rods Of Stainless Steel; Angles, Shapes And Sections Of Stainless SteelBars And Rods, Not Further Worked Than Hot Rolled, Hot-Drawn Or Extruded: Of Circular Cross Section : Other : Nickel Chromium Austenitic Type7222119218%01/07/2017
Other Bars And Rods Of Stainless Steel; Angles, Shapes And Sections Of Stainless SteelBars And Rods, Not Further Worked Than Hot Rolled, Hot-Drawn Or Extruded: Of Circular Cross Section : Other : Chromium Type7222119118%01/07/2017
Other Bars And Rods Of Stainless Steel; Angles, Shapes And Sections Of Stainless SteelBars And Rods, Not Further Worked Than Hot Rolled, Hot-Drawn Or Extruded: Other : Bright Bars : Nickel Chromium Austenitic Type7222191218%01/07/2017
Other Bars And Rods Of Stainless Steel; Angles, Shapes And Sections Of Stainless SteelBars And Rods, Not Further Worked Than Hot Rolled, Hot-Drawn Or Extruded: Of Circular Cross Section : Bright Bars : Chromium Type7222111118%01/07/2017
Other Bars And Rods Of Other Alloy Steel; Angles, Shapes And Sections, Of Other Alloy Steel; Hollow Drill Bars And Rods, Of Alloy Or Non-Alloy SteelBars And Rods, Of Silico-Manganese Steel7228200018%01/07/2017
Other Bars And Rods Of Stainless Steel; Angles, Shapes And Sections Of Stainless SteelBars And Rods, Not Further Worked Than Hot Rolled, Hot-Drawn Or Extruded: Of Circular Cross Section : Bright Bars : Nickel Chromium Austenitic Type7222111218%01/07/2017
Other Bars And Rods Of Stainless Steel; Angles, Shapes And Sections Of Stainless SteelBars And Rods, Not Further Worked Than Hot Rolled, Hot-Drawn Or Extruded: Other : Bright Bars : Chromium Type7222191118%01/07/2017
Bars And Rods, Hot-Rolled, In Irregularly Wound Coils, Of Stainless SteelBars And Rods, Hot-Rolled, In Irregularly Wound Coils, Of Stainless Steel : Bright Bars : Nickel Chromium Austenitic Type7221001218%01/07/2017
Other Bars And Rods Of Stainless Steel; Angles, Shapes And Sections Of Stainless SteelBars And Rods, Not Further Worked Than Hot Rolled, Hot-Drawn Or Extruded: Of Circular Cross Section : Bright Bars : Other7222111918%01/07/2017
Bars And Rods, Hot-Rolled, In Irregularly Wound Coils, Of Stainless SteelBars And Rods, Hot-Rolled, In Irregularly Wound Coils, Of Stainless Steel : Bright Bars : Other7221001918%01/07/2017
Other Bars And Rods Of Stainless Steel; Angles, Shapes And Sections Of Stainless SteelBars And Rods, Not Further Worked Than Hot Rolled, Hot-Drawn Or Extruded: Other : Bright Bars : Other7222191918%01/07/2017
Other Bars And Rods Of Stainless Steel; Angles, Shapes And Sections Of Stainless SteelBars And Rods, Not Further Worked Than Hot Rolled, Hot-Drawn Or Extruded: Other : Other : Chromium Type7222199118%01/07/2017
Other Bars And Rods Of Stainless Steel; Angles, Shapes And Sections Of Stainless SteelBars And Rods, Not Further Worked Than Cold Formed Or Cold-Finished : Other : Other7222209918%01/07/2017
Bars And Rods, Hot-Rolled, In Irregularly Wound Coils, Of Stainless SteelBars And Rods, Hot-Rolled, In Irregularly Wound Coils, Of Stainless Steel : Bright Bars : Chromium Type7221001118%01/07/2017
Other Bars And Rods Of Stainless Steel; Angles, Shapes And Sections Of Stainless SteelBars And Rods, Not Further Worked Than Hot-Rolled, Hot-Drawn Or Extruded722218%01/07/2017

Understanding the HSN Code for Iron and Steel Bars

Iron and steel bars form the backbone of countless industries, from construction and infrastructure to manufacturing and engineering. For businesses dealing with these essential materials, accurate classification under the Harmonized System of Nomenclature (HSN) is crucial for seamless Goods and Services Tax (GST) compliance in India. This blog post will demystify the HSN codes for various types of iron and steel bars and their corresponding GST rates.

HSN Code for Iron and Steel Bars and their GST Rate

Iron and steel bars, whether in their primary forms or further processed, generally fall under HSN Chapter 72: Iron and steel. This chapter categorizes various iron and steel products based on their composition, form, and degree of processing.

Here’s a breakdown of common HSN codes for iron and steel bars, including stainless steel and other alloy steel bars, along with their GST rates:

  • For Bars and Rods of Stainless Steel: These products are extensively categorized under HSN Heading 7222: Other Bars And Rods Of Stainless Steel; Angles, Shapes And Sections Of Stainless Steel.
    • Hot-Rolled, Hot-Drawn or Extruded:
      • Circular Cross Section: HSN codes like 72221111 (Chromium Type), 72221112 (Nickel Chromium Austenitic Type), 72221119 (Other), 72221191 (Chromium Type), 72221192 (Nickel Chromium Austenitic Type), 72221199 (Other)
      • Other (Non-Circular Cross Section): HSN codes like 72221911 (Chromium Type), 72221912 (Nickel Chromium Austenitic Type), 72221919 (Other), 72221991 (Chromium Type), 72221992 (Nickel Chromium Austenitic Type), 72221999 (Other)
    • Cold-Formed or Cold-Finished:
      • Bright Bars: HSN codes like 72222011 (Chromium Type)
      • Other: HSN codes like 72222099 (Other)
    • All these stainless steel bar categories generally attract an 18% GST rate.
    • Effective Date: 01/07/2017
  • For Bars and Rods of Other Alloy Steel:
    • Of Silico-Manganese Steel: HSN Code 72282000 (Other Bars And Rods Of Other Alloy Steel; Angles, Shapes And Sections, Of Other Alloy Steel; Hollow Drill Bars And Rods, Of Alloy Or Non-Alloy Steel – Bars And Rods, Of Silico-Manganese Steel)
    • This category also attracts an 18% GST rate.
    • Effective Date: 01/07/2017
  • For Hot-Rolled Bars and Rods in Irregularly Wound Coils, of Stainless Steel:
    • HSN codes like 72210011 (Bright Bars: Chromium Type), 72210012 (Bright Bars: Nickel Chromium Austenitic Type), 72210019 (Bright Bars: Other).
    • These also have an 18% GST rate.
    • Effective Date: 01/07/2017

It is important to note that the broader HSN codes for iron and non-alloy steel bars and rods, especially those “not further worked than forged, hot-rolled, hot-drawn or hot-extruded,” often fall under HSN Heading 7214. While the provided data primarily focuses on stainless and other alloy steel bars, HSN 7214 is a significant category for general iron and steel bars. Most products under HSN Chapter 72 are subject to an 18% GST rate.

FAQs

What does HSN mean for iron and steel bars?

HSN refers to the Harmonized System of Nomenclature, a global standard for classifying traded products, including iron and steel bars, for customs and taxation.

Why do iron and steel bars have different HSN codes?

HSN codes differentiate iron and steel bars based on factors like material composition (e.g., stainless steel, alloy steel), manufacturing process (e.g., hot-rolled, cold-finished), and specific form (e.g., circular, non-circular cross-section).

What HSN Chapter covers iron and steel bars?

Iron and steel bars are primarily classified under HSN Chapter 72: Iron and steel.

What is the general GST rate for iron and steel bars?

Most iron and steel bars, including stainless steel and alloy steel bars, attract an 18% GST rate in India.

When did the 18% GST rate for iron and steel bars become effective?

The 18% GST rate for most iron and steel products, including bars, became effective on July 1, 2017.

Does the HSN code for TMT bars differ?

Yes, while falling under Chapter 72, TMT bars (Thermo-Mechanically Treated bars) typically have a specific HSN code like 72142090.

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