72061020Tariff Item (8-digit)Section XV

HSN Code 72061020 – Of High Carbon Steel

Full GST classification for Of High Carbon Steel — chapter, heading and tariff hierarchy, GST rate slabs and related HSN codes. Updated for India GST.

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HSN Code

72061020

Chapter

72

Digits

8-digit

Section

XV

What is HSN Code 72061020?

HSN code 72061020 is the Harmonized System of Nomenclature classification for Of High Carbon Steel under India's Goods and Services Tax (GST). It is a 8-digit code sitting at the tariff item (8-digit) level of the HSN hierarchy.

This code belongs to Chapter 72 — Iron And Steel, which is part of Section XV: Base Metals & Articles Thereof. Every GST-registered business supplying of high carbon steel must quote HSN 72061020 (or the digit-length required for its turnover) on tax invoices and in GSTR-1.

Classification breakdown of 72061020

LevelCodeDescription
Chapter72iron and steel
Heading7206iron and non-alloy steel in ingots or other primary forms (excluding iron of heading 7203)
Sub-heading720610ingots :
Tariff72061020of high carbon steel

GST rate for HSN 72061020

Goods under HSN 72061020 attract GST at one of the five standard slabs. The exact rate depends on the specific product and the latest GST Council notification — always confirm before invoicing.

0%

Nil / Exempt

Fresh produce, milk, cereals, books

5%

Merit rate

Essentials, packaged food, transport

12%

Standard-low

Processed food, mobiles, apparel > ₹1,000

18%

Standard

Most goods, electronics, services

28%

Demerit / luxury

Cars, cement, aerated drinks, tobacco

Find the exact GST rate for Of High Carbon Steel →

HSN Code 72061020 — FAQs

What is HSN code 72061020?

HSN code 72061020 classifies "Of High Carbon Steel" under India's GST regime. It falls under Chapter 72 (Iron And Steel) of the Harmonized System of Nomenclature.

How many digits is HSN code 72061020?

72061020 is a 8-digit HSN code — a tariff item (8-digit). Businesses declare 4-digit HSN (turnover up to ₹5 crore) or 6-digit HSN (above ₹5 crore) on GST invoices; 8-digit codes are used for exports and imports.

What is the GST rate for HSN code 72061020?

Goods under HSN 72061020 are taxed at one of the GST slabs — 0%, 5%, 12%, 18% or 28% — depending on the exact product and the latest GST Council notification. Use the Laabam.One GST Rate Finder to confirm the current rate for Of High Carbon Steel.

Which chapter does HSN code 72061020 belong to?

HSN 72061020 belongs to Chapter 72 — Iron And Steel, part of Section XV: Base Metals & Articles Thereof.

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