GST rate on Iron and Steel
GST exemption items list, click here
Iron 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.
GST 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.
GST rate payable for goods or service, click here
Click here to know GST exemption list of goods and service
Find HSN number or Service tariff code for GST
GST registration guidelines
Indian GST Laws
How to export your goods?
How to get Export Order?
GST Registration Guidelines
Learn Imports and Exports business free of cost
Find HSN code of your product.
How to export goods from India?
Tariff rate for sale of Steel and Iron in India
GST rate payable for photographic goods and cinematographic commodities
GST rate payable for wood tar oils, fire-extinguisher preparations
Percentage of GST payable for Plastic
Rate of GST payable for Rubber and rubber products in India
GST for Leather industry in India
GST for Leather industry in India
Advance ruling to be void in certain circumstances, CGST Act
Appeals to Appellate Authority, CGST Act, 2017
Powers of Revisional Authority, CGST Act, 2017
Constitution of Appellate Tribunal and Benches thereof, of CGST Act, 2017
CGST Act, Appeals to Appellate Tribunal
Financial and administrative powers of President, CGST Act, 2017
Interest on refund of amount paid for admission of appeal, CGST Act
Appearance by authorised representative, CGST Act, 2017
GST returns for Input Service Distributor (ISD)
TDS calculation under GST returns
GST Returns, Advances received against a supply to be made in future
Post sales discount under GST returns
Procedures to assess credit note and debit note under GST Act
Bills of Entry relating to Import under Goods and Service Tax (GST)
Invoices pertaining to exempted including Nil rated supply under GST
Invoice pertaining to Export and deemed export supply
Invoices pertaining to B2C transactions
Invoice level information details for GST returns
How to obtain acknowledgement for filing returns with GST
How to file GST returns?
Is Customs House Agents (CHA ) required to be appointed mandatory?
Is DP terms of payment safe in export business?
Is Letter of Credit LC safe for an Importer?
Is ON BOARD CERTIFICATE required for LC negotiation
What is VACIS exam in US import customs clearance
When can an exporter release bill of lading from shipping company?
When does exporter get EP copy of shipping bill after customs clearance
How does CFR term of delivery work in Export Import business
How does comprehensive policy of ECGC work for exporters?
Difference between standard dry container and Open Top Container
The role of CBEC - Central Board of Excise and Customs in India.
The role of Export Inspection Agency in Pre-shipment Inspection & Quality Control
The role of Reserve Bank of India
The Role of the International Chamber of Commerce (ICC)
Negotiation procedures and formalities of export bills
Non receipt of Cargo Arrival Notice, Can importer sue against shipping company
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?