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 720720.
First 2 digits, (72) represents chapter number.
This chapter is for Iron and steel.
4 digit HSN code for SEMI-FINISHED PRODUCTS OF IRON OR NON-ALLOY STEEL
Next 2 digits, (07) represents heading number.
This heading is for SEMI-FINISHED PRODUCTS OF IRON OR NON-ALLOY STEEL.
6 digit HSN code for Containing by weight 0.25% or more of carbon
Next 2 digits, (20) represents item or product.
This code is for Containing by weight 0.25% or more of carbon.
8 digit HSN code for Forging quality
Last 2 digits, (10) represents specific item or product at micro level.
This code is for Forging quality.
We have filtered GST applicable on Iron and steel including GST on SEMI-FINISHED PRODUCTS OF IRON OR NON-ALLOY STEEL, GST on Containing by weight 0.25% or more of carbon, GST on Forging quality. You can GST on chapter 72 by visiting this link.