Iron Plated Coated - GST Rates & HSN Code 7210

Iron plated or coated products are widely used in various industries for their durability and strength. In India, the GST rates and HSN code for iron plated or coated products fall under the 7210 category.

Understanding the 7210 HSN Code

The HSN code 7210 is exclusively reserved for iron or steel sheets and plates that are coated or plated with various substances such as zinc, nickel, chromium, or any other metal. These products are widely used in the construction, engineering, and automotive industries for their strength and durability.

What are the GST Rates for Iron Plated or Coated Products?

In India, the GST rates for iron plated or coated products fall under the 18% tax slab. This means that businesses that manufacture, sell, or trade iron plated or coated products will have to pay a GST rate of 18% on their sales.

However, there are exceptions to the rule. Some iron plated or coated products fall under the 12% tax slab. These products include:

1. Iron or steel tubes and pipes

2. Plates, sheets, and strips of iron or steel

3. Wire of iron or steel

4. Structures of iron or steel, including bridges, towers, and other similar structures

It is important to note that the GST rates are subject to change, and businesses must stay up-to-date with the latest tax regulations to ensure compliance.

How to Determine the HSN Code for Iron Plated or Coated Products?

Determining the correct HSN code for iron plated or coated products can be a complex process, as it depends on the specific type of product and the materials used for coating or plating. Here are some general guidelines:

1. Iron or steel sheets or plates that are coated or plated with zinc fall under the HSN code 7210 41.

2. Iron or steel sheets or plates that are coated or plated with nickel fall under the HSN code 7210 50.

3. Iron or steel sheets or plates that are coated or plated with chromium fall under the HSN code 7210 61.

4. Iron or steel sheets or plates that are coated or plated with any other metal fall under the HSN code 7210 70.

It is important to note that these are general guidelines and that the specific HSN code for a product may vary depending on its specific composition and use.

Conclusion

Iron plated or coated products are essential for various industries, and understanding the GST rates and HSN code for these products is crucial for businesses that manufacture, sell, or trade them. The HSN code 7210 is exclusively reserved for iron or steel sheets and plates that are coated or plated with various substances such as zinc, nickel, chromium, or any other metal. The GST rates for iron plated or coated products fall under the 18% tax slab, except for some exceptions that fall under the 12% tax slab. Businesses must stay up-to-date with the latest tax regulations to ensure compliance.