Iron Hotrolled is a commonly used material in various industries such as construction, automotive, and manufacturing. Understanding the GST rates and HSN code for Iron Hotrolled is essential for Small and Medium business owners and Startup founders. In this article, we will provide a detailed overview of the GST rates and HSN code for Iron Hotrolled.
Iron Hotrolled falls under the category of Chapter 72 of the GST Tariff and attracts a GST rate of 18%. GST rates for Iron Hotrolled vary depending on the specific product and its end-use. However, as a general rule, Iron Hotrolled products attract a standard GST rate of 18%.
It is important to note that GST rates for Iron Hotrolled are subject to change, and business owners should stay up-to-date with any changes and updates to the GST Tariff.
The Harmonized System of Nomenclature (HSN) is a globally recognized system for the classification of goods. The HSN code for Iron Hotrolled is 7208. The first two digits of the HSN code represent the chapter, while the next two digits represent the heading.
The HSN code for Iron Hotrolled falls under chapter 72, which covers Iron and Steel products. The heading for Iron Hotrolled is 7208, which specifically covers Iron and Non-Alloy Steel in Ingots or Other Primary Forms.
Iron Hotrolled is a crucial material in various industries, and understanding the GST rates and HSN code for Iron Hotrolled is essential for Small and Medium business owners and Startup founders. As a general rule, Iron Hotrolled products attract a standard GST rate of 18%. The HSN code for Iron Hotrolled is 7208, which falls under chapter 72 of the GST Tariff. We hope this article has provided you with a better understanding of the GST rates and HSN code for Iron Hotrolled.
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