Stainless steel HSN Code
GST rates and HSN code for Stainless steel.
| Chapter | Description | HSN Code | Rate (%) | CESS (%) | Effective Date | Rate Revision |
|---|---|---|---|---|---|---|
| Iron and <strong>steel</strong> | Flat-Rolled Products Of Stainless Steel, Of A Width Of 600 Mm Or More – Not Further Worked Than Cold-Rolled (Cold Reduced) : Of A Thickness Of 0.5 Mm Or More But Not Exceeding 1 Mm : Other | 72193490 | 18% | – | 01/07/2017 | – |
| Flat-Rolled Products Of Stainless Steel, Of A Width Of 600 Mm Or More – Not Further Worked Than Hot-Rolled, Not In Coils : Of A Thickness Exceeding 10 Mm : Universal Plates Of Stainless Steel Or Heat Resisting Steel And Chromium Type : Exceeding 14 Mm | 72192112 | 18% | – | 01/07/2017 | – | |
| Flat-Rolled Products Of Stainless Steel, Of A Width Of Less Than 600 Mm – Not Further Worked Than Cold-Rolled (Cold Reduced): Skelp For Pipes And Tubes | 72202010 | 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 : Bright Bars : Chromium Type | 72222011 | 18% | – | 01/07/2017 | – | |
| Flat-Rolled Products Of Stainless Steel, Of A Width Of 600 Mm Or More – Not Further Worked Than Hot-Rolled, Not In Coils : Of A Thickness Of 4.75 Mm Or More But Not Exceeding 10 Mm : Other : Other | 72192299 | 18% | – | 01/07/2017 | – | |
| Bars And Rods, Hot-Rolled, In Irregularly Wound Coils, Of Stainless Steel – Other | 72210090 | 18% | – | 01/07/2017 | – | |
| Flat-Rolled Products Of Stainless Steel, Of A Width Of Less Than 600 Mm – Not Further Worked Than Cold-Rolled (Cold Reduced): Strips For Pipes And Tubes (Other Than Skelp) : Chromium Type | 72202021 | 18% | – | 01/07/2017 | – | |
| Flat-Rolled Products Of Stainless Steel, Of A Width Of Less Than 600 Mm – Not Further Worked Than Hot-Rolled : Of A Thickness Of Less Than 4.75 Mm : Strips For Pipes And Tubes (Other Than Skelp) : Nickel Chromium Austenitic Type | 72201222 | 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 | – | |
| Flat-Rolled Products Of Stainless Steel, Of A Width Of Less Than 600 Mm – Not Further Worked Than Hot-Rolled : Of A Thickness Of 4.75 Mm Or More : Strips For Pipes And Tubes (Other Than Skelp) : Other | 72201129 | 18% | – | 01/07/2017 | – | |
| Flat-Rolled Products Of Stainless Steel, Of A Width Of Less Than 600 Mm – Other :Other | 72209090 | 18% | – | 01/07/2017 | – | |
| Flat-Rolled Products Of Stainless Steel, Of A Width Of 600 Mm Or More – Not Further Worked Than Cold-Rolled (Cold Reduced) : Of A Thickness Of 4.75 Mm Or More : Chromium Type : Not Exceeding 14 Mm | 72193111 | 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 | – | |
| Wire Of Stainless Steel – Wire Of Stainless Steel : Other : Of Thickness Of Above 1.5 Mm | 72230091 | 18% | – | 01/07/2017 | – | |
| Flat-Rolled Products Of Stainless Steel, Of A Width Of 600 Mm Or More – Not Further Worked Than Hot-Rolled, In Coils : Of A Thickness Of 4.75 Mm Or More But Not Exceeding 10 Mm | 72191200 | 18% | – | 01/07/2017 | – | |
| Flat-Rolled Products Of Stainless Steel, Of A Width Of 600 Mm Or More – Not Further Worked Than Hot-Rolled, In Coils : Of A Thickness Exceeding 10 Mm : Chromium Type : Exceeding 14 Mm | 72191112 | 18% | – | 01/07/2017 | – | |
| Flat-Rolled Products Of Stainless Steel, Of A Width Of 600 Mm Or More – Not Further Worked Than Cold-Rolled (Cold Reduced) : Of A Thickness Exceeding 1 Mm But Less Than 3 Mm : Nickel Chromium Austenitic Type | 72193320 | 18% | – | 01/07/2017 | – | |
| Bars And Rods, Hot-Rolled, In Irregularly Wound Coils, Of Stainless Steel | 7221 | 18% | – | 01/07/2017 | – | |
| Articles of iron or <strong>steel</strong> | Tubes, Pipes And Hollow Profiles, Seamless, Of Iron (Other Than Cast Iron) Or Steel – Line Pipe Of A Kind Used For Oil Or Gas Pipelines : — Of Stainless Steel: — Blanks For Tubes And Pipes | 73041120 | 18% | – | 01/07/2017 | – |
| Other Woven Cloth, Of Stainless Steel | 731414 | 18% | – | 01/07/2017 | – |
Understand The Stainless Steel HSN Code
Stainless steel, a ubiquitous material known for its strength, corrosion resistance, and aesthetic appeal, finds applications across countless industries. For businesses in India dealing with stainless steel, understanding its specific HSN (Harmonized System of Nomenclature) code is paramount for accurate GST compliance and smooth trade operations. The HSN system categorizes goods globally, ensuring consistent classification.
Navigating Stainless Steel HSN Codes and GST Rates
The HSN codes for stainless steel are primarily found under Chapter 72, which is dedicated to “Iron and steel.” The specific HSN code depends heavily on the form and initial processing of the stainless steel. Whether it’s flat-rolled products, bars, rods, or wire, each has its own detailed classification.
Here’s a breakdown of common HSN codes for various forms of stainless steel, as per the provided data:
- Flat-Rolled Products of Stainless Steel (Width 600 mm or More):
- Not Further Worked Than Cold-Rolled (Cold Reduced): HSN codes like 72193490 (thickness 0.5mm-1mm) or 72193320 (thickness 1mm-3mm, Nickel Chromium Austenitic Type) are used.
- Not Further Worked Than Hot-Rolled: HSN codes such as 72192112 (thickness exceeding 10mm, universal plates) or 72192299 (thickness 4.75mm-10mm, other) apply.
- In Coils: HSN codes like 72191200 (thickness 4.75mm-10mm) or 72191112 (thickness exceeding 10mm, Chromium Type) are relevant.
- Flat-Rolled Products of Stainless Steel (Width Less Than 600 mm):
- Not Further Worked Than Cold-Rolled (Cold Reduced): HSN codes like 72202010 (skelp for pipes and tubes) or 72202021 (strips for pipes and tubes, Chromium Type) are used.
- Not Further Worked Than Hot-Rolled: HSN codes such as 72201222 (thickness less than 4.75mm, strips for pipes and tubes, Nickel Chromium Austenitic Type) or 72201129 (thickness 4.75mm or more, other strips) apply.
- Other: HSN code 72209090 is a general category for other flat-rolled products.
- Bars and Rods of Stainless Steel:
- Not Further Worked Than Cold Formed or Cold-Finished: HSN code 72222011 (Bright Bars, Chromium Type) is used.
- Not Further Worked Than Hot Rolled, Hot-Drawn or Extruded: HSN codes like 72221192 (Of Circular Cross Section, Nickel Chromium Austenitic Type) or 72221191 (Of Circular Cross Section, Chromium Type) apply.
- Hot-Rolled, In Irregularly Wound Coils: HSN code 72210090 (Other) is used.
- Wire of Stainless Steel:
- HSN code 72230091 (Of Thickness of Above 1.5 Mm) is specifically for stainless steel wire.
- Articles of Stainless Steel (under Chapter 73):
- Seamless Tubes, Pipes, and Hollow Profiles: HSN code 73041120 (Blanks for Tubes and Pipes of Stainless Steel) is used.
- Other Woven Cloth, of Stainless Steel: HSN code 73141418 is specifically for this product.
The consistent GST rate for stainless steel is 18%, effective from July 1, 2017.
The Significance of HSN Codes for Stainless Steel
Accurate HSN code classification is crucial for several reasons:
- GST Compliance: It directly dictates the GST rate to be charged, ensuring businesses meet their tax obligations.
- Tax Audits: Correct codes simplify audits and reduce the risk of discrepancies.
- International Trade: HSN codes streamline customs procedures for imports and exports, promoting smoother global trade.
- Business Planning: Understanding the applicable tax rates helps in pricing, budgeting, and overall financial planning.
Facebook
Twitter
Instagram
LinkedIn
Youtube
