GST Rate Guide
GST Rate on Bars and rods of iron or steel, forged
Current GST rate applicable on Bars and rods of iron or steel, forged as per Indian GST schedules. HSN Code: 7214
GST Breakdown
Intrastate (within same state)
IGST (Integrated GST)
What this means for your business
When selling Bars and rods of iron or steel, forged, you must charge GST at 18% on the taxable value. For sales within the same state, split the GST as CGST 9% + SGST 9%. For interstate sales, charge IGST 18% as a single line item.
The HSN code 7214 must be mentioned on your GST invoice. Businesses with annual turnover above ₹5 crore must use 6-digit HSN codes; those above ₹1.5 crore up to ₹5 crore must use 4-digit codes.
As a GST-registered business, you can claim Input Tax Credit (ITC) on purchases of Bars and rods of iron or steel, forged used for taxable business activities. Ensure your supplier provides a valid GST invoice with their GSTIN mentioned.
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