GST rates and HSN code for Iron steel bar.
Chapter | Description | HSN Code | Rate (%) | CESS (%) | Effective Date | Rate 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 Steel – Barbed Wire Of Iron Or Steel; Twisted Hoop Or Single Flat Wire, Barbed Or Not, And Loosely Twist | 73130010 | 18% | – | 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 Steel – Barbed Wire Of Iron Or Steel; Twisted Hoop Or Single Flat Wire, Barbed Or Not, And Loosely Twist | 73130020 | 18% | – | 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 Steel | 731300 | 18% | – | 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 Steel | 7313 | 18% | – | 01/07/2017 | – | |
<strong>Iron</strong> and <strong>steel</strong> | Other Bars And Rods Of Stainless Steel; Angles, Shapes And Sections Of Stainless Steel – Bars And Rods, Not Further Worked Than Cold Formed Or Cold-Finished : Bright Bars : Chromium Type | 72222011 | 18% | – | 01/07/2017 | – |
Other Bars And Rods Of Stainless Steel; Angles, Shapes And Sections Of Stainless Steel – Bars And Rods, Not Further Worked Than Hot Rolled, Hot-Drawn Or Extruded: Of Circular Cross Section : Other : Nickel Chromium Austenitic Type | 72221192 | 18% | – | 01/07/2017 | – | |
Other Bars And Rods Of Stainless Steel; Angles, Shapes And Sections Of Stainless Steel – Bars And Rods, Not Further Worked Than Hot Rolled, Hot-Drawn Or Extruded: Of Circular Cross Section : Other : Chromium Type | 72221191 | 18% | – | 01/07/2017 | – | |
Other Bars And Rods Of Stainless Steel; Angles, Shapes And Sections Of Stainless Steel – Bars And Rods, Not Further Worked Than Hot Rolled, Hot-Drawn Or Extruded: Other : Bright Bars : Nickel Chromium Austenitic Type | 72221912 | 18% | – | 01/07/2017 | – | |
Other Bars And Rods Of Stainless Steel; Angles, Shapes And Sections Of Stainless Steel – Bars And Rods, Not Further Worked Than Hot Rolled, Hot-Drawn Or Extruded: Of Circular Cross Section : Bright Bars : Chromium Type | 72221111 | 18% | – | 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 Steel – Bars And Rods, Of Silico-Manganese Steel | 72282000 | 18% | – | 01/07/2017 | – | |
Other Bars And Rods Of Stainless Steel; Angles, Shapes And Sections Of Stainless Steel – Bars And Rods, Not Further Worked Than Hot Rolled, Hot-Drawn Or Extruded: Of Circular Cross Section : Bright Bars : Nickel Chromium Austenitic Type | 72221112 | 18% | – | 01/07/2017 | – | |
Other Bars And Rods Of Stainless Steel; Angles, Shapes And Sections Of Stainless Steel – Bars And Rods, Not Further Worked Than Hot Rolled, Hot-Drawn Or Extruded: Other : Bright Bars : Chromium Type | 72221911 | 18% | – | 01/07/2017 | – | |
Bars And Rods, Hot-Rolled, In Irregularly Wound Coils, Of Stainless Steel – Bars And Rods, Hot-Rolled, In Irregularly Wound Coils, Of Stainless Steel : Bright Bars : Nickel Chromium Austenitic Type | 72210012 | 18% | – | 01/07/2017 | – | |
Other Bars And Rods Of Stainless Steel; Angles, Shapes And Sections Of Stainless Steel – Bars And Rods, Not Further Worked Than Hot Rolled, Hot-Drawn Or Extruded: Of Circular Cross Section : Bright Bars : Other | 72221119 | 18% | – | 01/07/2017 | – | |
Bars And Rods, Hot-Rolled, In Irregularly Wound Coils, Of Stainless Steel – Bars And Rods, Hot-Rolled, In Irregularly Wound Coils, Of Stainless Steel : Bright Bars : Other | 72210019 | 18% | – | 01/07/2017 | – | |
Other Bars And Rods Of Stainless Steel; Angles, Shapes And Sections Of Stainless Steel – Bars And Rods, Not Further Worked Than Hot Rolled, Hot-Drawn Or Extruded: Other : Bright Bars : Other | 72221919 | 18% | – | 01/07/2017 | – | |
Other Bars And Rods Of Stainless Steel; Angles, Shapes And Sections Of Stainless Steel – Bars And Rods, Not Further Worked Than Hot Rolled, Hot-Drawn Or Extruded: Other : Other : Chromium Type | 72221991 | 18% | – | 01/07/2017 | – | |
Other Bars And Rods Of Stainless Steel; Angles, Shapes And Sections Of Stainless Steel – Bars And Rods, Not Further Worked Than Cold Formed Or Cold-Finished : Other : Other | 72222099 | 18% | – | 01/07/2017 | – | |
Bars And Rods, Hot-Rolled, In Irregularly Wound Coils, Of Stainless Steel – Bars And Rods, Hot-Rolled, In Irregularly Wound Coils, Of Stainless Steel : Bright Bars : Chromium Type | 72210011 | 18% | – | 01/07/2017 | – | |
Other Bars And Rods Of Stainless Steel; Angles, Shapes And Sections Of Stainless Steel – Bars And Rods, Not Further Worked Than Hot-Rolled, Hot-Drawn Or Extruded | 7222 | 18% | – | 01/07/2017 | – |
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.
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:
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.
HSN refers to the Harmonized System of Nomenclature, a global standard for classifying traded products, including iron and steel bars, for customs and taxation.
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).
Iron and steel bars are primarily classified under HSN Chapter 72: Iron and steel.
Most iron and steel bars, including stainless steel and alloy steel bars, attract an 18% GST rate in India.
The 18% GST rate for most iron and steel products, including bars, became effective on July 1, 2017.
Yes, while falling under Chapter 72, TMT bars (Thermo-Mechanically Treated bars) typically have a specific HSN code like 72142090.
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