Within Chapter 50 – Textiles And Textile Articles, HSN Code 50039030 serves as the official classification for Silk Waste (Including Cocoons Unsuitable For Reeling, Yarn Waste And Garnetted Stock) - Other : Eri Waste. This code determines tax rates and compliance obligations for all entities trading in Silk Waste (Including Cocoons Unsuitable For Reeling, Yarn Waste And Garnetted Stock) - Other : Eri Waste. CGST applies at Nil, SGST/UTGST at Nil for local transactions, and IGST at Nil for interstate supplies. Measurement is standardized in 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 50039030
The taxation of Silk Waste (Including Cocoons Unsuitable For Reeling, Yarn Waste And Garnetted Stock) - Other : Eri Waste under HSN Code 50039030 depends on supply location. Intrastate transactions require CGST at Nil and SGST/UTGST at Nil. Interstate supplies are charged IGST at Nil. Invoices should consistently use N.a for Textiles And Textile Articles goods under Chapter 50.
Who Should Use HSN Code 50039030?
Manufacturers, wholesalers, retailers, and exporters dealing in Silk Waste (Including Cocoons Unsuitable For Reeling, Yarn Waste And Garnetted Stock) - Other : Eri Waste are required to mention HSN 50039030 on all tax documents. This classification under Textiles And Textile Articles applies to businesses of all sizes operating within Chapter 50. Proper usage ensures accurate return filing and audit compliance.
Business Registration Requirements
Planning to trade in Silk Waste (Including Cocoons Unsuitable For Reeling, Yarn Waste And Garnetted Stock) - Other : Eri Waste? Complete GST registration to legally collect taxes on goods under HSN 50039030. Businesses importing or exporting Textiles And Textile Articles products require an Import Export Code. AD Code registration is essential for exporters to process international payments. Entrepreneurs should secure company registration as the foundational step.
Why Correct Classification Matters
Proper use of HSN Code 50039030 for Silk Waste (Including Cocoons Unsuitable For Reeling, Yarn Waste And Garnetted Stock) - Other : Eri 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)
What is the unit of measurement for HSN 50039030?
The standard unit of measurement for Silk Waste (Including Cocoons Unsuitable For Reeling, Yarn Waste And Garnetted Stock) - Other : Eri Waste under HSN Code 50039030 is N.a. All invoices and GST returns must reflect quantities using this measurement standard.
Is HSN Code 50039030 mandatory for small businesses?
Yes, businesses dealing in Silk Waste (Including Cocoons Unsuitable For Reeling, Yarn Waste And Garnetted Stock) - Other : Eri Waste must use HSN 50039030 on invoices regardless of their size. The number of digits required may vary based on turnover thresholds set by GST rules.
What happens if I use wrong HSN code for Silk Waste (Including Cocoons Unsuitable For Reeling, Yarn Waste And Garnetted Stock) - Other : Eri Waste?
Using incorrect classification can result in wrong tax calculation, rejected input credits, and penalties during assessment. Always verify HSN 50039030 for Textiles And Textile Articles goods before invoicing.
Do I need AD Code registration for exporting Silk Waste (Including Cocoons Unsuitable For Reeling, Yarn Waste And Garnetted Stock) - Other : Eri Waste?
Yes, AD Code registration is required for exporters dealing in Silk Waste (Including Cocoons Unsuitable For Reeling, Yarn Waste And Garnetted Stock) - Other : Eri Waste under Textiles And Textile Articles. This registration links your bank account to process foreign currency payments from overseas buyers.