HSN Classification
HSN 72031000 - FERROUS PRODUCTS OBTAINED BY DIRECT REDUCTION OF IRON ORE
Classification level: Detailed classification. Use this as a GST code-reference page and confirm rate/exemption treatment from current notifications before final filing.
Code details
- Code Type
- HSN
- Code
- 72031000
- Official Description
- FERROUS PRODUCTS OBTAINED BY DIRECT REDUCTION OF IRON ORE
Tax guide notes
- - GST rate is not embedded in HSN/SAC master data. Confirm the latest rate from GST rate notifications and official CBIC schedules.
- - Invoice accuracy matters: use the code that best matches the principal supply description to reduce notices and mismatch risk.
- - If supplies include both goods and services, document the dominant nature of supply before selecting HSN/SAC.
Compliance checklist
- - Keep product/service description on invoice aligned with the selected HSN/SAC code.
- - Review code selection whenever scope of work or product mix changes.
- - Cross-check applicable GST rate, exemptions, and reverse-charge conditions before filing returns.
Related codes
HSN
7203
FERROUS PRODUCTS OBTAINED BY DIRECT REDUCTION OF IRON ORE AND OTHER SPONGY FERROUS PRODUCTS, IN LUMPS, PELLETS OR SIMILAR FORMS; IRON HAVING MINIMUM PURITY BY WEIGHT OF 99.94%, IN LUMPS, PELLETS OR SIMILAR FORMS
HSN
720310
FERROUS PRODUCTS OBTAINED BY DIRECT REDUCTION OF IRON ORE
HSN
720390
OTHER
HSN
72039000
OTHER
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