HS code is classified under chapter 72 (Iron and steel) of ITC (Indian Tariff Code). Chapter 72 is classified under Section 15 (BASE METAL & ARTICLES OF BASE METAL). You can check GST tax rate on 720521.
First 2 digits, (72) represents chapter number.
This chapter is for Iron and steel.
4 digit HSN code for GRANULES AND POWDERS, OF PIG IRON, SPIEGELEISEN, IRON OR STEEL
Next 2 digits, (05) represents heading number.
This heading is for GRANULES AND POWDERS, OF PIG IRON, SPIEGELEISEN, IRON OR STEEL.
6 digit HSN code for Powders
Next 2 digits, (21) represents item or product.
This code is for Powders.
8 digit HSN code for Of alloy steel
Last 2 digits, (00) represents specific item or product at micro level.
This code is for Of alloy steel.
We have filtered GST applicable on Iron and steel including GST on GRANULES AND POWDERS, OF PIG IRON, SPIEGELEISEN, IRON OR STEEL, GST on Powders, GST on Of alloy steel. You can GST on chapter 72 by visiting this link.