GST rates and HSN code for Stainless steel bolt.
| 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 | – |
Stainless steel bolts are ubiquitous in various industries, from construction and automotive to marine and food processing, valued for their strength, corrosion resistance, and aesthetic appeal. For businesses in India dealing with these essential fasteners, accurate Harmonized System of Nomenclature (HSN) code classification and adherence to Goods and Services Tax (GST) regulations are paramount.
The HSN system categorizes goods based on their material and function. For stainless steel bolts and similar fasteners, the primary HSN Chapter is 73: “Articles of iron or steel.” This chapter specifically addresses finished products made from iron or steel, including various fasteners.
More precisely, stainless steel bolts fall under HSN heading 7318: “Screws, bolts, nuts, coach-screws, screw hooks, rivets, cotters, cotter-pins, washers (including spring washers) and similar articles, of iron or steel.” This broad heading covers the vast majority of threaded and non-threaded fasteners made of iron or steel, encompassing stainless steel variants.
Within HSN 7318, specific 8-digit subheadings delineate different types of fasteners. For instance, you will find:
The prevailing GST rate for stainless steel bolts and other fasteners falling under HSN 7318 is consistently 18%. This rate has been in effect since July 1, 2017, when the GST regime was introduced in India. The various sub-headings within 7318 also carry this 18% GST rate, ensuring uniformity for these crucial components.
It’s important to differentiate finished fasteners from raw stainless steel materials. The data provided also lists HSN codes under Chapter 72 (“Iron and steel”) for flat-rolled products, bars, rods, and wire of stainless steel. These codes (e.g., 7219, 7220, 7221, 7222, 7223) refer to the forms of stainless steel before they are manufactured into finished bolts. While the raw material also attracts an 18% GST, the HSN code for the finished bolt will be in Chapter 73.
Businesses must correctly identify their products as finished fasteners to apply the right HSN code and GST rate. Misclassification can lead to discrepancies in tax filings and potential penalties.
Stainless steel bolts fall under HSN Chapter 73.
Stainless steel bolts are typically covered under HSN heading 7318.
Stainless steel bolts generally attract an 18% GST rate.
Based on current data, most standard stainless steel bolts under HSN 7318 maintain an 18% GST rate. Always check the latest notifications for any specific exceptions.
Businesses should refer to the official Indian Customs Tariff Act, GST notifications issued by the CBIC, or consult with a tax professional for precise classification.
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