JSW TMT bars, like other TMT bars, fall under the HSN Code 72142090. This code is used for the classification of iron and steel products, specifically bars and rods that are hot-rolled and contain indentations, ribs, grooves, or other deformations produced during the rolling process.
GST Rate for JSW TMT Bars:
As of the current regulations, the GST (Goods and Services Tax) rate for products under HSN Code 72142090, including JSW TMT bars, is 18%. This rate applies to most iron and steel products that fall under this classification.
Summary:
- Product: JSW TMT Bars
- HSN Code: 72142090
- GST Rate: 18%
Key Points:
- Classification: Under HSN Code 72142090, JSW TMT bars are classified as bars and rods, hot-rolled, in irregularly wound coils, of iron or non-alloy steel, containing indentations, ribs, grooves, or other deformations produced during the rolling process.
- Tax Compliance: Knowing the correct HSN code and GST rate is crucial for businesses to ensure compliance with tax regulations and smooth transactions.
If you have any more questions or need further clarification, feel free to ask!
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