73062010
OTHER TUBES, PIPES AND HOLLOW PROFILES (FOR EXAMPLE, OPEN SEAM OR WELDED, RIVETED OR SIMILARLY CLOSED), OF IRON OR STEEL - CASING AND TUBING OF A KIND USED IN DRILLING FOR OIL OR GAS : OF IRON
Tax Calculator for 73062010
E-Way Bill Rules
For other tubes, pipes and hollow profiles (for example, open seam or welded, riveted or similarly closed), of iron or steel - casing and tubing of a kind used in drilling for oil or gas : of iron, the E-Way Bill threshold is ₹50,000. Since the rate is 18%, you must generate a bill if the Taxable Value exceeds ₹42,372.
Example Calculation
- Base Value: ₹42,372
- + GST (18%): ₹7,626.96
- Total Invoice: ~₹50,000
Invoice Example
Breakdown for a sample invoice value of ₹1,000:
Can I claim ITC?
Yes, if used for business. This reduces your final cash liability.
Input Tax Credit (ITC) Logic
Compliance & Validation
HSN 73062010 falls under Chapter 73. It is mandatory to mention this code on invoices if your annual turnover exceeds ₹5 Crore. For turnover below ₹5 Crore, mentioning the 4-digit code (7306) is sufficient for B2B invoices.
Ensure that you charge 9% CGST and 9% SGST for intra-state supplies of other tubes, pipes and hollow profiles (for example, open seam or welded, riveted or similarly closed), of iron or steel - casing and tubing of a kind used in drilling for oil or gas : of iron. For inter-state supplies, the full 18% IGST applies.
Frequently Asked Questions
Q: What is the GST Rate for HSN Code 73062010?
The GST rate for HSN Code 73062010 (OTHER TUBES, PIPES AND HOLLOW PROFILES (FOR EXAMPLE, OPEN SEAM OR WELDED, RIVETED OR SIMILARLY CLOSED), OF IRON OR STEEL - CASING AND TUBING OF A KIND USED IN DRILLING FOR OIL OR GAS : OF IRON) is 18%.
Q: Is HSN 73062010 eligible for Input Tax Credit (ITC)?
ITC availability is classified as 'eligible'. Generally, businesses can claim ITC unless used for personal consumption or blocked under Section 17(5).
Q: How to calculate GST amount for OTHER TUBES, PIPES AND HOLLOW PROFILES (FOR EXAMPLE, OPEN SEAM OR WELDED, RIVETED OR SIMILARLY CLOSED), OF IRON OR STEEL - CASING AND TUBING OF A KIND USED IN DRILLING FOR OIL OR GAS : OF IRON?
Multiply the taxable value by 0.18. For ₹1000 value, GST is ₹180.
Q: Does Reverse Charge (RCM) apply?
No, standard Forward Charge applies.