Iron and steel
HSN Code 72012000 — GST Rate 18%
Non-alloy pig iron, P > 0.5%
Total GST
18%
What the buyer pays
CGST + SGST
9% + 9%
Sale within your state
IGST
18%
Sale to another state
Work out the GST on 72012000
- Taxable value
- ₹1,000.00
- GST @ 18%
- ₹180.00
- CGST 9% (same state)
- ₹90.00
- SGST 9% (same state)
- ₹90.00
- Total
- ₹1,180.00
Is 72012000 the right code for what you sell?
HSN codes classify goods by what the item IS, not what it is used for. A 4-digit code is enough below ₹5 crore turnover; above that GST returns need 6 digits. These are the other codes in chapter 72:
- 7201Pig iron and spiegeleisen18%
- 72011000Non-alloy pig iron, P <= 0.5%18%
- 7202Ferro-alloys18%
- 72021100Ferro-manganese, C > 2%18%
- 7203Sponge iron (DRI)18%
- 72031000Sponge iron / direct reduced iron18%
- 7206Iron and non-alloy steel ingots18%
- 7207Semi-finished products of iron/steel18%
- 72071100Semi-finished, C < 0.25%, rectangular18%
- 72071200Semi-finished, C < 0.25%, other18%
- 72072000Semi-finished, C >= 0.25%18%
- 7208Hot-rolled iron/steel flat products, width >= 600mm18%
Stop looking rates up one at a time
Growth System puts the HSN code and its rate on the item once, then every invoice, e-way bill and GSTR-1 line uses it. GST billing, stock and payments for Indian businesses — free to start, no card.
Start freeRates reflect the 56th GST Council restructure effective 22 September 2025, which abolished the 12% and 28% slabs. Classification is the taxpayer's responsibility — check the CBIC tariff for a borderline item.