HSN Code 72271000: Of High Speed Steel

HSN Code 72271000 represents Of High Speed Steel under GST classification. This code helps businesses identify Of High Speed Steel correctly for billing, taxation, and trade. With HSN Code 72271000, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Of High Speed Steel.

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Description of Goods for Of High Speed Steel

HSN Code 72271000 relates to the following description:

Chapter Number Chapter Name Sub Chapter Number Sub Chapter Name Description of Goods CGST
(%)
SGST
(%)
IGST
(%)
CESS
(%)
72 Iron and steel 7227 Bars and rods, hot-rolled, in irregularly wound coils, of other alloy steel Of high speed steel 9% 9% 18% 0%

Description of goods

Of high speed steel

Chapter

72 – Iron and steel

Sub Chapter

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

CGST 9%
SGST 9%
IGST 18%
CESS 0%

What does HSN Code 72271000 not include?

Of High Speed Steel does not include products with the following descriptions:

HSN Code Description
Of silico-manganese steel
Other : Valve spring steel quality
Other : Other spring steel quality
Other : Ball bearing quality
Other : Cold heading quality
Other : Lead-free cutting quality
Other : Sulphur free cutting quality
Other : Other

Of silico-manganese steel

Other : Valve spring steel quality

Other : Other spring steel quality

Other : Ball bearing quality

Other : Cold heading quality

Other : Lead-free cutting quality

Other : Sulphur free cutting quality

Other : Other

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FAQs for HSN Code 72271000

What products are classified under HSN 72271000 ?

It includes Other | Other Spring Steel Quality

Does packaging or labelling change the GST for Of High Speed Steel?

For food/agri items, GST can be 5% when not fresh/chilled and sold as pre‑packaged & labelled; otherwise often Nil. For non‑food items, rates depend on the specific sub‑heading.

Do e‑way bill and e‑invoice apply for Of High Speed Steel?

e‑Way bill is needed above ₹50,000 consignment value (subject to exemptions). e‑Invoicing is turnover‑based (presently AATO > ₹5 crore) for B2B supplies.

How should mixed supplies be billed when Of High Speed Steel is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Of High Speed Steel; Nil for exempt items if applicable).

Can we claim ITC on inputs used to trade Of High Speed Steel?

If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.

How much GST applies to Of High Speed Steel?

Under HSN 72271000, Of High Speed Steel attracts Varies when sold in taxable form. Describe the exact form on the invoice.

Any common misclassification issue with Of High Speed Steel?

Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.

Important Disclaimer

The above does not constitute professional advice or a formal recommendation. We recommend consulting a professional tax consultant before acting on the information contained in this piece of content.

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