Gst Rates for Iron & Steel Products in India

Last updated : January 18th, 2023 05:42 pm

Gst Rates for Iron & Steel Products in India

GST rate for goods and services is decided by GST Council in India. With the rollout of GST happening on 1st July 2017, the GST rate for iron and steel was decided in the GST Council Meeting held on 18th May 2017. This article features the complete list of GST rate for iron and steel in India.

18% GST Rate for Iron and Steel

All iron and steel products under Chapter 72 of the HSN Code is taxed at 18% GST.

• Pig iron and spiegeleisen in pigs, blocks or other primary forms
• Ferroalloys.
• Ferrous products obtained by direct reduction of iron ore and other spongy ferrous products, in lumps, pellets or similar forms; iron having a minimum purity by weight of 99.94%, in lumps, pellets or similar forms
• Ferrous waste and scrap; remelting scrap ingots of iron or steel.
• Granules and powders, of pig iron, spiegeleisen, iron or steel.
• Iron and non-alloy steel in ingots or other primary forms (excluding iron of heading 7203 of HSN Code).
• Semifinished products of iron or non-alloy steel.
• Flatrolled products of iron or non-alloy steel, of a width of 600 mm or more, hot-rolled, not clad, plated or coated.
• All the flat-rolled products of iron or non-alloy steel, of a width of 600 mm or more, cold-rolled (cold reduced), not clad, plated or coated.
• Flatrolled products of iron or non-alloy steel, of a width of 600 mm or more, clad, plated or coated.
• All the flat-rolled products of iron or non-alloy steel, of a width of less than 600 mm, not clad, plated or coated.
• Flatrolled products of iron or non-alloy steel, of a width of less than 600 mm, clad, plated or coated.
• Bars and rods, hot-rolled, in irregularly wound coils, of iron or nonalloy steel.
• Other bars and rods of iron or non-alloy steel, not further worked than forged, hot-rolled, hot-drawn or hot extruded, but including those twisted after rolling.
• Other bars and rods of iron or non-alloy steel.
• Angles, shapes and sections of iron or non-alloy steel
• Wire of iron or non-alloy steel.
• Stainless steel in ingots or other primary forms; semifinished products of stainless steel
• Flatrolled products of stainless steel, of a width of 600 mm or more
• Flatrolled products of stainless steel, of a width of less than 600 mm not further worked than hot-rolled
• Bars and rods, hot-rolled, in irregularly wound coils, of stainless steel.
• Other bars and rods of stainless steel; angles, shapes and sections of stainless steel
• Wire of stainless steel.
• Other alloy steel in ingots or other primary forms; semifinished products of other alloy steel
• Flatrolled products of other alloy steel, of a width of 600 mm or more of silicon electrical steel
• Flatrolled products of other alloy steel, of a width of less than 600 mm.
• Bars and rods, hot-rolled, in irregularly wound coils, of other alloy steel.
• Other bars and rods of other alloy steel; angles, shapes and sections, of other alloy steel; hollow drill bars and rods, of alloy or nonalloy steel
• Wire of other alloy steel.

It is important to note that articles of iron and steel are taxed differently under GST at different rates. You can find GST rate for all goods and services here.