Other Bars Of Steel - GST Rates HSN Code 7222

Steel is one of the most important materials in the world of manufacturing. It is used in the construction of buildings, bridges, and other infrastructure projects. Steel is also a key component in the automobile and aerospace industries. When it comes to steel products, there are a number of different categories that are subject to different GST rates and HSN codes. In this article, we will focus on Other Bars Of Steel, which falls under HSN code 7222.

GST Rates for Other Bars Of Steel

The GST Council has set different rates for different categories of steel products. Other Bars Of Steel, which includes hot-rolled bars and rods, cold-drawn bars and rods, and other bars and rods, are subject to a GST rate of 18%.

It is important to note that the GST rate for Other Bars Of Steel is different from the rate for other types of steel products. For example, Pig iron and spiegeleisen in pigs, blocks or other primary forms are subject to a GST rate of 18%, while other types of steel products, such as tubes, pipes, and fittings, are subject to a GST rate of 12%.

HSN Code for Other Bars Of Steel

HSN codes are used to identify different products for taxation purposes. The HSN code for Other Bars Of Steel is 7222. This code covers hot-rolled bars and rods, cold-drawn bars and rods, and other bars and rods that are made of iron or non-alloy steel.

It is important to note that the HSN code for Other Bars Of Steel is different from the codes for other types of steel products. For example, the HSN code for tubes, pipes, and fittings made of iron or steel is 7304, while the HSN code for pig iron and spiegeleisen in pigs, blocks, or other primary forms is 7201.

Conclusion

Understanding the GST rates and HSN codes for different categories of steel products is important for businesses that manufacture or use steel products. Other Bars Of Steel, which includes hot-rolled bars and rods, cold-drawn bars and rods, and other bars and rods, are subject to a GST rate of 18% and are covered under HSN code 7222. By keeping this information in mind, businesses can ensure that they are complying with GST regulations and avoiding any penalties or legal issues.