HSN Codes – Iron and Steel Materials
HSN means “Harmonized System of Nomenclature”. Developed by WCO (World Customs Organization), it helps to classify goods in systematic manner. HSN codes are six digit codes, which are accepted worldwide. Under GST, government has made it necessary for businesses to declare HSN code of the product in tax invoice. In this case, only 6 digits of HSN code need to be declared. Following is the list of commonly used HSN codes in our iron & steel industry.
For services, we have SAC (Services Accounting Code) for uniform classification.
For Labour services, SAC of 998519 is generally used.
| Product | HSN Code | Tax Rate |
|---|---|---|
| MS GI Wires | ||
| Barbed Wire | 731300 | 18% |
| Razor Blade Wire | 731300 | 18% |
| MS Binding Wire – Mild Steel | 721710 | 18% |
| MS GI Color Coated Coils, Sheets & Plates | ||
| CR Sheets and Plates in coil | 720915/16/17/18 | 18% |
| CR Sheets and Plates not in coil | 720925/26/27/28 | 18% |
| HR Sheets and Plates in coil, pickled | 720825/26/27 | 18% |
| HR Sheets and Plates in coil | 720836/37/38/39 | 18% |
| HR Sheets and Plates, with relief pattern | 720840 | 18% |
| HR Sheets and Plates not in coil | 720851/52/53/54 | 18% |
| GI Coils, Sheets & Plates – Galvanized | 721049 | 18% |
| GC Sheets – Galvanized Corrugated | 721041 | 18% |
| Color Coated Coils & Sheets | 721070 | 18% |
| Color Coated Profile Roofing Sheets | 721070 | 18% |
| Wire Mesh | ||
| MS Welded Wire Mesh – Mild Steel | 731420 | 18% |
| GI Welded Wire Mesh – Galvanized | 731420 | 18% |
| Chain Linked Wire Mesh | 731420 | 18% |
| MS GI Structural Products | ||
| MS Bar TMT Bar – Mild Steel | 721420 | 18% |
| MS Flat – Mild Steel | 721114 | 18% |
| MS Bar (Round/Square) – Mild Steel | 721510 | 18% |
| MS Angle/Girder/Channel | 721650 | 18% |
| MS Pipes & Tubes – Mild Steel | 730690 | 18% |
| GI Pipes & Tubes – Galvanized | 730619 | 18% |
| SS Products | ||
| SS Pipes & Tubes – Stainless Steel | 730690 | 18% |
| SS Bars & Rods – Stainless Steel | 722211/19/20 | 18% |
| SS Angles, Shape & Sections – Stainless Steel | 722240 | 18% |
| SS Sheets & Plates in coil – Stainless Steel | 721911/12/13/14 | 18% |
| SS Sheets & Plates not in coil – Stainless Steel | 721921/22/23/24 | 18% |