Within Chapter 50 – Textiles And Textile Articles, HSN Code 50020010 serves as the official classification for Raw Silk (Not Thrown) Raw Silk (Not Thrown) Mulberry Raw Silk. This code determines tax rates and compliance obligations for all entities trading in Raw Silk (Not Thrown) Raw Silk (Not Thrown) Mulberry Raw Silk. CGST applies at Nil, SGST/UTGST at Nil for local transactions, and IGST at Nil for interstate supplies. Measurement is standardized in kg..
HSN Codes under Chapter 50 – Textiles And Textile Articles
Below are related HSN codes from Chapter 50 – Textiles And Textile Articles for your reference:
| Chapter | HSN Code | Description | CGST | SGST/UTGST | IGST |
|---|---|---|---|---|---|
| Textiles And Textile Articles... | 50010000 | Silk-Worm Cocoons Suitable For Reeling | Nil | Nil | Nil |
| Textiles And Textile Articles... | 50020020 | Raw Silk (Not Thrown) Raw Silk (Not Thrown) Mulber... | Nil | Nil | Nil |
| Textiles And Textile Articles... | 50020030 | Raw Silk (Not Thrown) Raw Silk (Not Thrown) Non-Mu... | Nil | Nil | Nil |
| Textiles And Textile Articles... | 50030010 | Mulberry Silk Waste | Nil | Nil | Nil |
| Textiles And Textile Articles... | 50030020 | Tussar Silk Waste | Nil | Nil | Nil |
| Textiles And Textile Articles... | 50030030 | Dri Waste | Nil | Nil | Nil |
| Textiles And Textile Articles... | 50030040 | Munga Waste | Nil | Nil | Nil |
| Textiles And Textile Articles... | 50030090 | Silk Waste - Other | Nil | Nil | Nil |
| Textiles And Textile Articles... | 50031010 | Silk Waste (Including Cocoons Unsuitable For Reeli... | Nil | Nil | Nil |
| Textiles And Textile Articles... | 50031020 | Silk Waste (Including Cocoons Unsuitable For Reeli... | Nil | Nil | Nil |
GST Rates for HSN 50020010
For Raw Silk (Not Thrown) Raw Silk (Not Thrown) Mulberry Raw Silk classified under HSN Code 50020010, tax computation follows GST principles. CGST at Nil plus SGST/UTGST at Nil covers intrastate sales. IGST at Nil applies to interstate transactions. kg. is the prescribed measurement for Textiles And Textile Articles under Chapter 50.
Who Should Use HSN Code 50020010?
Traders, manufacturers, and importers of Raw Silk (Not Thrown) Raw Silk (Not Thrown) Mulberry Raw Silk are required to mention HSN Code 50020010 on all GST documents. This Textiles And Textile Articles classification under Chapter 50 is mandatory for compliance across all business formats including online sellers.
Business Registration Requirements
Looking to deal in Raw Silk (Not Thrown) Raw Silk (Not Thrown) Mulberry Raw Silk? GST registration is your first compliance requirement for HSN 50020010 goods. International traders in Textiles And Textile Articles products must obtain an Import Export Code. AD Code registration facilitates export payment processing. Company registration should precede all other business approvals.
Why Correct Classification Matters
Accurate application of HSN Code 50020010 for Raw Silk (Not Thrown) Raw Silk (Not Thrown) Mulberry Raw Silk enables legitimate input tax credit claims and prevents assessment disputes. Businesses under Chapter 50 – Textiles And Textile Articles should monitor rate updates (Nil, Nil, Nil) through official notifications to maintain seamless compliance.
Frequently Asked Questions (FAQs)
Which chapter does HSN Code 50020010 belong to?
HSN Code 50020010 falls under Chapter 50 – Textiles And Textile Articles in the GST tariff schedule. This chapter covers various goods including Raw Silk (Not Thrown) Raw Silk (Not Thrown) Mulberry Raw Silk.
Is IGST applicable on Raw Silk (Not Thrown) Raw Silk (Not Thrown) Mulberry Raw Silk?
Yes, IGST at Nil is applicable when Raw Silk (Not Thrown) Raw Silk (Not Thrown) Mulberry Raw Silk is supplied interstate or imported. For local sales within a state, CGST at Nil and SGST/UTGST at Nil apply instead.
Can e-commerce sellers use HSN Code 50020010?
Yes, e-commerce sellers dealing in Raw Silk (Not Thrown) Raw Silk (Not Thrown) Mulberry Raw Silk must use HSN 50020010 on their invoices. This applies to all online platforms operating under Textiles And Textile Articles classification.
How do I start an import business for Textiles And Textile Articles goods?
To import goods under Textiles And Textile Articles, complete GST registration first, then obtain an Import Export Code from DGFT. Proper company registration provides the legal foundation for your import operations.