HSN Code 50039010 provides the tax classification for Silk Waste (Including Cocoons Unsuitable For Reeling, Yarn Waste And Garnetted Stock) - Other : Mulberry Silk Waste under Chapter 50 – Textiles And Textile Articles of the GST tariff. Businesses dealing in Silk Waste (Including Cocoons Unsuitable For Reeling, Yarn Waste And Garnetted Stock) - Other : Mulberry Silk Waste 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 N.a.
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... | 50030090 | Silk Waste - Other | Nil | Nil | Nil |
| Textiles And Textile Articles... | 50031010 | Silk Waste (Including Cocoons Unsuitable For Reeli... | Nil | Nil | Nil |
GST Rates for HSN 50039010
Goods classified as Silk Waste (Including Cocoons Unsuitable For Reeling, Yarn Waste And Garnetted Stock) - Other : Mulberry Silk Waste under HSN 50039010 are taxed based on transaction type. Local sales attract CGST at Nil plus SGST/UTGST at Nil. For supplies crossing state boundaries, IGST at Nil applies. Documentation must reflect N.a as the measurement standard for Chapter 50 – Textiles And Textile Articles products.
Who Should Use HSN Code 50039010?
Every entity transacting in Silk Waste (Including Cocoons Unsuitable For Reeling, Yarn Waste And Garnetted Stock) - Other : Mulberry Silk Waste must quote HSN Code 50039010 on invoices. This includes traders, distributors, and e-commerce sellers operating under Textiles And Textile Articles. Chapter 50 mandates this classification for accurate tax computation across the supply chain.
Business Registration Requirements
Starting a business involving Silk Waste (Including Cocoons Unsuitable For Reeling, Yarn Waste And Garnetted Stock) - Other : Mulberry Silk Waste? GST registration is mandatory for collecting and remitting taxes on HSN 50039010 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
Accurate HSN Code 50039010 usage for Silk Waste (Including Cocoons Unsuitable For Reeling, Yarn Waste And Garnetted Stock) - Other : Mulberry Silk Waste simplifies reconciliation and protects against penalties. Keep current with Nil, Nil, and Nil updates for Chapter 50 – Textiles And Textile Articles to ensure ongoing compliance.
Frequently Asked Questions (FAQs)
Where can I find the official GST rate for HSN 50039010?
Official GST rates for Silk Waste (Including Cocoons Unsuitable For Reeling, Yarn Waste And Garnetted Stock) - Other : Mulberry Silk Waste under HSN 50039010 are published in government notifications and the CBIC website. Current rates are CGST Nil, SGST/UTGST Nil, and IGST Nil.
Do online marketplaces need to mention HSN 50039010?
Yes, online marketplaces and e-commerce operators selling Silk Waste (Including Cocoons Unsuitable For Reeling, Yarn Waste And Garnetted Stock) - Other : Mulberry Silk Waste must mention HSN Code 50039010 on invoices. This Textiles And Textile Articles classification applies to all sales channels under Chapter 50.
What documents are needed for company registration to trade in Silk Waste (Including Cocoons Unsuitable For Reeling, Yarn Waste And Garnetted Stock) - Other : Mulberry Silk Waste?
For company registration, you need identity proof, address proof, and registered office documents. Once registered, apply for GST registration to start trading in Silk Waste (Including Cocoons Unsuitable For Reeling, Yarn Waste And Garnetted Stock) - Other : Mulberry Silk Waste under HSN 50039010.
How often do GST rates change for Textiles And Textile Articles products?
GST rates for Silk Waste (Including Cocoons Unsuitable For Reeling, Yarn Waste And Garnetted Stock) - Other : Mulberry Silk Waste and other Textiles And Textile Articles products under Chapter 50 may change through GST Council recommendations. Monitor official notifications to stay updated on Nil, Nil, and Nil revisions.