50040090 is the designated HSN classification for Silk Yarn (Other Than Yarn Spun From Silk Waste) Not Put Up For Retail Sale Silk Yarn (Other Than Yarn Spun From Silk Waste) Not Put Up For Retail Sale : Other, categorized under Chapter 50 – Textiles And Textile Articles in the GST tariff structure. Businesses involved in trading, manufacturing, or importing Silk Yarn (Other Than Yarn Spun From Silk Waste) Not Put Up For Retail Sale Silk Yarn (Other Than Yarn Spun From Silk Waste) Not Put Up For Retail Sale : Other must apply this code correctly on invoices and tax returns. The applicable tax rates include CGST at 0.025, SGST/UTGST at 0.025 for local transactions, and IGST at 0.05 for interstate supplies. Quantities are measured in kg. for billing purposes.
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 50040090
For Silk Yarn (Other Than Yarn Spun From Silk Waste) Not Put Up For Retail Sale Silk Yarn (Other Than Yarn Spun From Silk Waste) Not Put Up For Retail Sale : Other classified under HSN Code 50040090, tax computation follows GST principles. CGST at 0.025 plus SGST/UTGST at 0.025 covers intrastate sales. IGST at 0.05 applies to interstate transactions. kg. is the prescribed measurement for Textiles And Textile Articles under Chapter 50.
Who Should Use HSN Code 50040090?
All businesses supplying Silk Yarn (Other Than Yarn Spun From Silk Waste) Not Put Up For Retail Sale Silk Yarn (Other Than Yarn Spun From Silk Waste) Not Put Up For Retail Sale : Other are obligated to use HSN 50040090 on tax invoices. From producers to retailers within Textiles And Textile Articles, Chapter 50 classification ensures uniform tax treatment. This requirement applies regardless of turnover or business model.
Business Registration Requirements
Planning to trade in Silk Yarn (Other Than Yarn Spun From Silk Waste) Not Put Up For Retail Sale Silk Yarn (Other Than Yarn Spun From Silk Waste) Not Put Up For Retail Sale : Other? Complete GST registration to legally collect taxes on goods under HSN 50040090. 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
Accurate application of HSN Code 50040090 for Silk Yarn (Other Than Yarn Spun From Silk Waste) Not Put Up For Retail Sale Silk Yarn (Other Than Yarn Spun From Silk Waste) Not Put Up For Retail Sale : Other enables legitimate input tax credit claims and prevents assessment disputes. Businesses under Chapter 50 – Textiles And Textile Articles should monitor rate updates (0.025, 0.025, 0.05) through official notifications to maintain seamless compliance.
Frequently Asked Questions (FAQs)
HSN Code 50040090 is used to classify Silk Yarn (Other Than Yarn Spun From Silk Waste) Not Put Up For Retail Sale Silk Yarn (Other Than Yarn Spun From Silk Waste) Not Put Up For Retail Sale : 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.
For Silk Yarn (Other Than Yarn Spun From Silk Waste) Not Put Up For Retail Sale Silk Yarn (Other Than Yarn Spun From Silk Waste) Not Put Up For Retail Sale : Other, CGST applies at 0.025 and SGST/UTGST at 0.025 for intrastate supplies. Interstate transactions are taxed under IGST at 0.05.
Yes, GST registration is mandatory for businesses dealing in Silk Yarn (Other Than Yarn Spun From Silk Waste) Not Put Up For Retail Sale Silk Yarn (Other Than Yarn Spun From Silk Waste) Not Put Up For Retail Sale : Other under HSN 50040090. This enables you to legally collect taxes and claim input credits on purchases.
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.