What products are classified under HSN 7206
It includes Primary Iron & Steel
HSN Sub Chapter 7206 represents Primary Iron & Steel under GST classification. This code helps businesses identify Primary Iron & Steel correctly for billing, taxation, and trade. With HSN Sub Chapter 7206, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Primary Iron & Steel.
GST Rate for Primary Iron & Steel under HSN Code 7206. Understand Current Tax Rates, Exemptions, and Legal Classifications to Ensure Accurate Billing and GST Filing.
| Chapter No | HSN Code | HSN Description | New GST Rate | Old GST Rate |
|---|---|---|---|---|
| 72 | 7206 | Iron and non-alloy steel in ingots or other primary forms (excluding iron of heading 7203) | 18% | 18% |
Chapter: 72
Description: Iron and non-alloy steel in ingots or other primary forms (excluding iron of heading 7203)
Following Tariff HSN code falls under Primary Iron & Steel:
| Tariff HSN | Description |
|---|---|
| Ingots : Of iron | |
| Ingots : Of iron | |
| Ingots : Of high carbon steel | |
| Ingots : Of high carbon steel | |
| Ingots : Other | |
| Ingots : Other | |
| Other : Of iron : Puddled bars and pilings | |
| Other : Of iron : Puddled bars and pilings | |
| Other : Of iron : Blocks, lumps and similar forms | |
| Other : Of iron : Blocks, lumps and similar forms | |
| Other : Of iron : Other | |
| Other : Of iron : Other | |
| Other : Other : Puddled bars and pilings | |
| Other : Other : Puddled bars and pilings | |
| Other : Other : Blocks, lumps and similar forms | |
| Other : Other : Blocks, lumps and similar forms | |
| Other : Other : Other | |
| Other : Other : Other |
Ingots : Of iron
Ingots : Of iron
Ingots : Of high carbon steel
Ingots : Of high carbon steel
Ingots : Other
Ingots : Other
Other : Of iron : Puddled bars and pilings
Other : Of iron : Puddled bars and pilings
Other : Of iron : Blocks, lumps and similar forms
Other : Of iron : Blocks, lumps and similar forms
Other : Of iron : Other
Other : Of iron : Other
Other : Other : Puddled bars and pilings
Other : Other : Puddled bars and pilings
Other : Other : Blocks, lumps and similar forms
Other : Other : Blocks, lumps and similar forms
Other : Other : Other
Other : Other : Other
It includes Primary Iron & Steel
Ensure registration requirements are met and reconcile the operator’s TCS statements with your GSTR‑2B/3B. Map SKU descriptions to HSN to reduce mismatches and returns.
If replacement is without consideration under a pre‑agreed warranty, issue a delivery challan and reference the original invoice/contract. If consideration is charged, raise a tax invoice. Keep serial/lot details for traceability.
Using a broad or incorrect HSN, ignoring material/form (e.g., raw vs processed), or mixing goods and services on one line. Always match wording to the HSN Notes and keep a classification working paper.
The composition scheme is optional for eligible small suppliers of goods. You cannot issue tax invoices or collect tax under composition. Check turnover limits and exclusions; evaluate margins and ITC loss before opting in.
Repair/service is a service supply (SAC). Parts and materials used are goods and may be billed separately with HSN. Mention both lines clearly to avoid mixing service and goods values.
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.