HSN 731431 Iron and steel products Goods

HSN Code 731431: GST Rate & Details

Other grill netting and fencing plated or coated with zinc

Standard GST Rate
18.0% Total Tax

Standard GST slab applicable across India under GST tariff classification.

Intra-State Supply (Local)
CGST (Central Tax): 9.0%
SGST/UTGST (State Tax): 9.0%
When Buyer & Seller are in the same state.
Inter-State Supply (Out of State)
IGST (Integrated Tax): 18.0%
When Buyer & Seller are in different states or export/SEZ.

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18.0% GST APPLIED
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Taxable Amount:
CGST (9.0%):
SGST (9.0%):
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Indian GST Invoicing Rules for HSN 731431

HSN Digit Mandate

  • Turnover > ₹5 Crore: Must mention minimum 6-digit HSN code on all B2B invoices.
  • Turnover ≤ ₹5 Crore: Must mention minimum 4-digit HSN code on B2B invoices. Optional for B2C.
  • Exports / Imports: 8-digit HSN code is mandatory.

Mandatory Invoice Fields

  • GSTIN of Supplier and Recipient (for B2B).
  • Consecutive Invoice Serial Number & Invoice Date.
  • HSN/SAC Code, Taxable Value, Tax Rate (CGST, SGST, IGST), and Grand Total.
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Frequently Asked Questions on HSN 731431

Q. What is the GST rate for HSN code 731431 (Iron and steel products)?

The standard GST rate for HSN code 731431 is 18%. For intra-state transactions within the same state, it is split into 9.0% CGST and 9.0% SGST. For inter-state supply, 18% IGST applies.

Q. Is HSN code 731431 classified as Goods or Services?

HSN/SAC code 731431 is legally classified as 'Goods' under 73.

Q. Is mentioning HSN code 731431 mandatory on GST invoices?

Yes. As per Indian GST mandate: Businesses with aggregate turnover above ₹5 Crore must mention a 6-digit HSN code on B2B tax invoices. Businesses with turnover up to ₹5 Crore must mention at least a 4-digit HSN code for B2B supplies.

Q. How do I create a GST invoice with HSN code 731431?

You can create a 100% compliant Indian GST invoice with HSN 731431 for free on GST Maker. Simply click 'Create Invoice with this HSN' to pre-populate the tax rates and download your PDF instantly.

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