What products are classified under HSN 72271000 ?
It includes Other | Other Spring Steel Quality
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.
HSN Code 72271000 relates to the following description:
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
It includes Other | Other Spring Steel Quality
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.
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.
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).
If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.
Under HSN 72271000, Of High Speed Steel attracts Varies when sold in taxable form. Describe the exact form on the invoice.
Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.
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.