Tariff rate for sale of Steel and Iron in India

 

GST rate on Iron and Steel


GST exemption items list, click here

Tariff rate for sale of Steel and Iron in IndiaIron and Steel falls under HSN code chapter 72 of GST commodity tariff schedule.  The details about GST rate changes for sale of Iron and Steel are being updated here.  The notification changes on exemptions for GST for sale of Iron and Steel and other circulars related to GST for Iron and Steel are updated in this website.

 

Update on 18th May, 2017: GST rates for goods

 

18% GST RATE;

 

All goods

1. 7201 Pig iron and spiegeleisen in pigs, blocks or other primary forms

2. 7202 Ferroalloys.

3. 7203 Ferrous products obtained by direct reduction of iron ore and other spongy ferrous

products, in lumps, pellets or similar forms; iron having a minimum purity by weight of 99.94%, in lumps, pellets or similar forms

4. 7204 Ferrous waste and scrap; remelting scrap ingots of iron or steel.

5. 7205 Granules and powders, of pig iron, spiegeleisen, iron or steel.

6. 7206 Iron and non-alloy steel in ingots or other primary forms (excluding iron of heading 7203).

7. 7207 Semifinished products of iron or non-alloy steel.

8. 7208 Flatrolled products of iron or non-alloy steel, of a width of 600 mm or more, hot-rolled, not clad, plated or coated.

9. 7209 Flatrolled products of iron or non-alloy steel, of a width of 600 mm or more, cold-rolled (coldreduced), not clad, plated or coated.

10. 7210 Flatrolled products of iron or non-alloy steel, of a width of 600 mm or more, clad, plated or coated.

11. 7211 Flatrolled products of iron or non-alloy steel, of a width of less than 600 mm, not

clad, plated or coated.

12. 7212 Flatrolled products of iron or non-alloy steel, of a width of less than 600 mm, clad, plated or coated.

13. 7213 Bars and rods, hot-rolled, in irregularly wound coils, of iron or nonalloy steel.

14. 7214 Other bars and rods of iron or non-alloy steel, not further worked than forged, hot-rolled, hot-drawn or hotextruded, but including those twisted after rolling.

15. 7215 Other bars and rods of iron or non-alloy steel.

16. 7216 Angles, shapes and sections of iron or non-alloy steel.

17. 7217 Wire of iron or non-alloy steel.

18. 7218 Stainless steel in ingots or other primary forms; semi-finished products of stainless

steel.

19. 7219 Flatrolled products of stainless steel, of a width of 600 mm or more.

20. 7220 Flatrolled products of stainless steel, of a width of less than 600 mm not further worked than hotrolled

 

21. 7221 Bars and rods, hot-rolled, in irregularly wound coils, of stainless steel.

22. 7222 Other bars and rods of stainless steel; angles, shapes and sections of stainless steel.

23. 7223 Wire of stainless steel.

24. 7224 Other alloy steel in ingots or other primary forms; semi-finished products of other

alloy steel.

25. 7225 Flatrolled products of other alloy steel, of a width of 600 mm or more of silicon electrical steel

26. 7226 Flatrolled products of other alloy steel, of a width of less than 600 mm.

27. 7227 Bars and rods, hot-rolled, in irregularly wound coils, of other alloy steel.

28. 7228 Other bars and rods of other alloy steel; angles, shapes and sections, of other alloy steel; hollow drill bars and rods, of alloy or nonalloy steel.

29. 7229 Wire of other alloy steel.

Live Animals, GST ratesGST makes the tax process so transparent that it is very easy to identify people who are evading tax including steel and iron industry in India.

 

Goods and Service Tax (GST) rate tariff in India is designed in 6 categories of goods and services.  Four main GST rate slabs framed with Essential goods and services, Standard goods and services and luxury goods and services with 5%, 12%, 18% and 28% respectively.  Commonly used Goods and Services at 5%, Standard Goods and Services fall under 1st slab at 12%, Standard Goods and Services fall under 2nd Slab at 18% and Special category of Goods and Services including luxury - 28%.   The most essential goods and services attract nil rate of GST under Exempted Categories.     Luxury goods and services and certain specific goods and services   attract additional cess than 28% GST.

 

Implementation of GST will tend to eliminate the middleman and reduce corruption in highly corrupt states of Orissa, Jharkhand, Karnataka and Chhattisgarh, who also happen to be the highest producers of steel in India.

 

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Tariff rate for sale of Steel and Iron in India

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The above information about GST rate on commodities under HSN code mentioned above commonly clarifies on questions explained under:

Amount of GST tax on Pig iron forms

What is the GST rate on alloy steel bars?

How much GST on alloy steel rods?

GST tariff on Ferro-alloys

Indian GST charges on Ferrous products obtained by direct reduction of iron ore

GST duty on Granules of pig iron

GST tax on powders of pig iron

GST slab on Iron and non- alloy steel in ingots or other primary forms

GST slab rate on Semi-finished products of iron or non-alloy steel

Slab GST on Flat-rolled products of iron or non-alloy steel

Rate of GST slab on wound coils iron

Tax of GST on Wire of iron

GST expenses on iron angles

Total GST charges on iron shapes

Total GST rate on Stainless steel in ingots or other primary forms

Total tax on GST on Flat-rolled products of stainless steel

Amount of GST to be paid on steel bars

Amount of GST rate on steel rods

What is the GST tariff on steel wire?

Amount of GST tax on Flat- rolled products of other alloy steel

What is the GST rate on Wire of other alloy steel?


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