HSN Code 50030090 provides the tax classification for Silk Waste - Other under Chapter 50 – Textiles And Textile Articles of the GST tariff. Businesses dealing in Silk Waste - Other must use this code for proper invoicing and return filing. Applicable taxes include CGST at Nil, SGST/UTGST at Nil, and IGST at Nil. The recognized unit of measurement is 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... | 50020010 | Raw Silk (Not Thrown) Raw Silk (Not Thrown) Mulber... | 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... | 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 50030090
Tax liability for Silk Waste - Other under HSN 50030090 varies by transaction geography. CGST at Nil combined with SGST/UTGST at Nil applies to local sales. Interstate movement attracts IGST at Nil. All billing for Chapter 50 – Textiles And Textile Articles products must use kg..
Who Should Use HSN Code 50030090?
Traders, manufacturers, and importers of Silk Waste - Other are required to mention HSN Code 50030090 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
Starting a business involving Silk Waste - Other? GST registration is mandatory for collecting and remitting taxes on HSN 50030090 goods. Companies planning international trade within Textiles And Textile Articles must obtain an Import Export Code. Exporters need AD Code registration for receiving foreign payments. New entrepreneurs should complete company registration before pursuing trade-specific approvals.
Why Correct Classification Matters
Proper use of HSN Code 50030090 for Silk Waste - Other streamlines audit processes and supports valid credit claims. Stay updated on Nil, Nil, and Nil rates for Chapter 50 – Textiles And Textile Articles through government circulars to ensure uninterrupted compliance.
Frequently Asked Questions (FAQs)
What is HSN Code 50030090 used for?
HSN Code 50030090 is used to classify Silk Waste - Other under Chapter 50 – Textiles And Textile Articles for GST purposes. Businesses must mention this code on invoices to ensure correct tax calculation and compliance.
What are the GST rates applicable on HSN 50030090?
For Silk Waste - Other, CGST applies at Nil and SGST/UTGST at Nil for intrastate supplies. Interstate transactions are taxed under IGST at Nil.
Do I need GST registration to trade in Silk Waste - Other?
Yes, GST registration is mandatory for businesses dealing in Silk Waste - Other under HSN 50030090. This enables you to legally collect taxes and claim input credits on purchases.
What registrations are required for importing Silk Waste - Other?
For importing goods under Textiles And Textile Articles, you need GST registration along with an Import Export Code. Exporters should also obtain AD Code registration for processing international payments.