MS Plate HSN Code and GST Rate in India

Mild steel plates are popular raw materials in construction and manufacturing sectors. They are commercially feasible and durable. If you are buying or selling MS plates, knowing the correct MS plate HSN code and GST rate in India is essential to determine the cost of construction or manufacturing.

What is GST on MS Plate

Carbon steel is made into mild steel plates. They are also easy to cut and bend, as well as to weld. They are suitable for construction, manufacturing and industrial projects. MS plates fall in the scope of supply under the GST law and are taxable. GST is applicable on MS Plates. There is no specific exemption available for MS plates under the GST law. Currently, the GST rate of 18% applies to the supply of MS plates.

MS Plates HSN Code Applicability with GST Rates 

The Harmonised System of Nomenclature (HSN) code applies for MS plates. HSN code MS plates are classified under Chapter 72. This chapter covers different products from the iron and steel category. Accordingly, MS plate HSN code 7208 is applicable in GST. The GST rate for this series of MS plate products is 18%. However, the specific HSN code may vary based on the product's attributes/characteristics. 

Let’s take an example of flat-rolled MS plates that are hot-rolled and not coated and have different codes depending on their thickness. The HSN code for this product is 72082510.

A global system for classifying nearly 5,300 types of goods, HSN is the Harmonised System of Nomenclature for 5,000 products. It’s a six-digit code that enables products to be organised in an orderly fashion and logically structured. 

HSN Code Used for Mild Steel Plate

Let’s take an example of five different HSN codes that fall under the MS plate category for flat-rolled products of iron or non-alloy steel. These products have a width ≥ 600 mm, are in coils, hot-rolled, and not plated, but come with different thicknesses.