Find applicable HSN codes and GST rates for mild steel plates in India. Most items fall under Chapter 72 with a standard 18% tax rate.
Mild steel plates are widely used in construction and manufacturing due to their durability and cost-effectiveness. For businesses involved in their purchase or sale, understanding the correct Harmonised System of Nomenclature (HSN) code and the applicable Goods and Services Tax (GST) rate in India is crucial for accurate cost determination.
Understanding the GST on Mild Steel Plates
Mild steel plates, fabricated from carbon steel, are known for their ease of cutting, bending, and welding, making them ideal for construction, manufacturing, and various industrial applications. These plates are subject to GST under Indian law, as no specific exemptions apply. Currently, the supply of mild steel plates attracts an 18% GST rate.
HSN Code Application and GST Rates for Mild Steel Plates
Mild steel plates are categorized under the Harmonised System of Nomenclature (HSN). Specifically, these plates fall under Chapter 72, which encompasses various iron and steel products. The primary HSN code for mild steel plates is 7208, and products within this series are subject to an 18% GST rate. It is important to note that the precise HSN code can differ based on the specific features and characteristics of the product. For instance, hot-rolled, uncoated, flat-rolled mild steel plates might have a code like 72082510, varying by thickness. HSN is an internationally recognized six-digit system designed to systematically classify approximately 5,300 types of goods, ensuring logical and organized product categorization globally.
Specific HSN Codes for Mild Steel Plates
Several HSN codes apply to mild steel plates, particularly for flat-rolled iron or non-alloy steel products. These examples cover items that are at least 600 mm wide, supplied in coils, hot-rolled, and not plated, but distinguish between varying thicknesses. The following table illustrates specific HSN codes, their descriptions, and the corresponding GST rates:
| HSN Code | Description | GST% |
|---|---|---|
| 720810 | In Coils, Not Further Worked Than Hot-Rolled, With Patterns In Relief | 18% |
| 720825 | Thickness “>=” 4.75 mm, pickled | 18% |
| 720826 | Thickness 3-4.75 mm, pickled | 18% |
| 720827 | Thickness “<=" 3 mm, pickled | 18% |
| 720836 | Thickness “>=” 10 mm, not pickled | 18% |
