About HSN Code 7203

HSN Code 7203 covers Ferrous Products Obtained by Direct Reduction of Iron Ore and Other Spongy Ferrous Products, in Lumps, Pellets or Similar Forms; Iron Having Minimum Purity by Weight of 99.94%, in Lumps, Pellets or Similar Forms and attracts a GST rate of 18%. For intra-state supplies, this is split as 9% CGST + 9% SGST. For inter-state supplies, 18% IGST is charged.

How to Use HSN Code 7203 on GST Invoices

• Include the HSN code 7203 on every GST invoice for ferrous products obtained by direct reduction of iron ore and other spongy ferrous products, in lumps, pellets or similar forms; iron having minimum purity by weight of 99.94%, in lumps, pellets or similar forms
• Businesses with turnover above ₹5 crore must use 6-digit HSN codes
• Turnover between ₹1.5–5 crore: 4-digit codes are sufficient
• The HSN code must match the product/service description on your invoice
• Incorrect HSN codes can lead to GST notices and ITC mismatches

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