Steel rod HSN Code
GST rates and HSN code for Steel rod.
| Chapter | Description | HSN Code | Rate (%) | CESS (%) | Effective Date | Rate Revision |
|---|---|---|---|---|---|---|
| Iron 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 | – | |
| 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 : Chromium Type | 72222091 | 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 High Speed Steel : Other | 72281090 | 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 : Nickel Chromium Austenitic Type | 72222092 | 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 : Other | 72221199 | 18% | – | 01/07/2017 | – |
Understand the HSN Code for Steel Rods Under GST
For businesses dealing with steel rods, comprehending the Harmonized System of Nomenclature (HSN) code is crucial for navigating the Goods and Services Tax (GST) framework in India. This classification dictates the relevant GST rate applicable to these construction and manufacturing materials.
Based on the provided data, steel rods primarily fall under Chapter 72, which pertains to “Iron and steel.” However, within this chapter, the specific HSN code and applicable GST rate depend on the type of steel (stainless or other alloy steel), its shape (bars and rods), and the stage of processing (hot-rolled, cold-formed, etc.).
Identify Specific HSN Codes for Different Types of Steel Rods
The data reveals a variety of HSN codes for steel rods, categorized by their material and processing:
- 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 with an 18% GST rate.
- Of Circular Cross Section, Other, Chromium Type: 72221191 with an 18% GST rate.
- Of Circular Cross Section, Bright Bars, Chromium Type: 72221111 with an 18% GST rate.
- Of Circular Cross Section, Bright Bars, Nickel Chromium Austenitic Type: 72221112 with an 18% GST rate.
- Of Circular Cross Section, Bright Bars, Other: 72221119 with an 18% GST rate.
- Other, Bright Bars, Nickel Chromium Austenitic Type: 72221912 with an 18% GST rate.
- Other, Bright Bars, Chromium Type: 72221911 with an 18% GST rate.
- Other, Bright Bars, Other: 72221919 with an 18% GST rate.
- Other, Other, Chromium Type: 72221991 with an 18% GST rate.
- Other: 722218 with an 18% GST rate.
- Of Circular Cross Section, Other, Other: 72221199 with an 18% GST rate.
- Stainless Steel Bars and Rods (Not Further Worked Than Cold Formed or Cold-Finished):
- Bright Bars, Chromium Type: 72222011 with an 18% GST rate.
- Other, Chromium Type: 72222091 with an 18% GST rate.
- Other, Nickel Chromium Austenitic Type: 72222092 with an 18% GST rate.
- Other, Other: 72222099 with an 18% GST rate.
- Stainless Steel Bars and Rods (Hot-Rolled, In Irregularly Wound Coils):
- Bright Bars, Nickel Chromium Austenitic Type: 72210012 with an 18% GST rate.
- Bright Bars, Other: 72210019 with an 18% GST rate.
- Bright Bars, Chromium Type: 72210011 with an 18% GST rate.
- Other Alloy Steel Bars and Rods:
- Of Silico-Manganese Steel: 72282000 with an 18% GST rate.
- Of High Speed Steel, Other: 72281090 with an 18% GST rate.
As evident, the GST rate for all these categories of steel rods is consistently 18%, effective from 1st July 2017.
Understand the Significance of Accurate HSN Code Usage
Employing the correct HSN code for steel rods is crucial for several reasons:
- Determine the Applicable GST Rate: While the data shows a uniform 18% rate for these specific steel rod types, other steel products might have different rates. Accurate classification ensures the correct rate is applied.
- Ensure Legal Compliance: Correct HSN codes are mandatory for GST invoices and return filings, ensuring adherence to tax regulations.
- Facilitate Smooth Transactions: Accurate HSN codes in invoices lead to clear communication and avoid potential issues with tax authorities and customers.
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