Chapter 50 of the GST framework covers Textiles And Textile Articles, and HSN Code 50039020 specifically identifies Silk Waste (Including Cocoons Unsuitable For Reeling, Yarn Waste And Garnetted Stock) - Other : Tussar Waste for taxation purposes. This classification is mandatory for all businesses engaged in the supply of Silk Waste (Including Cocoons Unsuitable For Reeling, Yarn Waste And Garnetted Stock) - Other : Tussar Waste. Tax rates applicable include CGST at Nil, SGST/UTGST at Nil, and IGST at Nil for interstate movements. The standard 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 50039020
For Silk Waste (Including Cocoons Unsuitable For Reeling, Yarn Waste And Garnetted Stock) - Other : Tussar Waste classified under HSN Code 50039020, tax computation follows GST principles. CGST at Nil plus SGST/UTGST at Nil covers intrastate sales. IGST at Nil applies to interstate transactions. N.a is the prescribed measurement for Textiles And Textile Articles under Chapter 50.
Who Should Use HSN Code 50039020?
Any business engaged in supplying Silk Waste (Including Cocoons Unsuitable For Reeling, Yarn Waste And Garnetted Stock) - Other : Tussar Waste must apply HSN 50039020 on invoices. The Textiles And Textile Articles category under Chapter 50 requires this classification for wholesalers, retailers, exporters, and online marketplaces alike.
Business Registration Requirements
Starting a business involving Silk Waste (Including Cocoons Unsuitable For Reeling, Yarn Waste And Garnetted Stock) - Other : Tussar Waste? GST registration is mandatory for collecting and remitting taxes on HSN 50039020 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 50039020 for Silk Waste (Including Cocoons Unsuitable For Reeling, Yarn Waste And Garnetted Stock) - Other : Tussar Waste 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)
How many digits of HSN Code 50039020 should I mention on invoices?
The number of HSN digits depends on your annual turnover. Businesses with turnover above Rs 5 crore must mention 6 digits, while others may use 4 digits. Always use the complete HSN 50039020 for accurate classification of Silk Waste (Including Cocoons Unsuitable For Reeling, Yarn Waste And Garnetted Stock) - Other : Tussar Waste.
Can I claim input tax credit on Silk Waste (Including Cocoons Unsuitable For Reeling, Yarn Waste And Garnetted Stock) - Other : Tussar Waste purchases?
Yes, registered businesses can claim input tax credit on Silk Waste (Including Cocoons Unsuitable For Reeling, Yarn Waste And Garnetted Stock) - Other : Tussar Waste purchases made under HSN 50039020. Ensure your supplier mentions correct HSN code and GST rates (Nil, Nil) on the invoice.
What is the difference between CGST and IGST for HSN 50039020?
CGST at Nil plus SGST/UTGST at Nil applies when Silk Waste (Including Cocoons Unsuitable For Reeling, Yarn Waste And Garnetted Stock) - Other : Tussar Waste is sold within the same state. IGST at Nil is charged when goods move across state borders or are imported.
Is Import Export Code necessary for trading Silk Waste (Including Cocoons Unsuitable For Reeling, Yarn Waste And Garnetted Stock) - Other : Tussar Waste domestically?
No, Import Export Code is only required if you plan to import or export Silk Waste (Including Cocoons Unsuitable For Reeling, Yarn Waste And Garnetted Stock) - Other : Tussar Waste internationally. For domestic trade within Textiles And Textile Articles, GST registration is sufficient.