GST Rate Guide
GST Rate on Tanks, casks, drums of iron or steel
Current GST rate applicable on Tanks, casks, drums of iron or steel as per Indian GST schedules. HSN Code: 7310
GST Breakdown
Intrastate (within same state)
IGST (Integrated GST)
What this means for your business
When selling Tanks, casks, drums of iron or steel, 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 7310 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 Tanks, casks, drums of iron or steel used for taxable business activities. Ensure your supplier provides a valid GST invoice with their GSTIN mentioned.
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