HSN Code 50050011 provides the tax classification for Yarn Spun From Silk Waste, Not Put Up For Retail Sale Yarn Spun From Silk Waste, Not Put Up For Retail Sale: - Containing 85 Percent Or More By Weight Of Silk Waste: Other Than Noil Silk under Chapter 50 – Textiles And Textile Articles of the GST tariff. Businesses dealing in Yarn Spun From Silk Waste, Not Put Up For Retail Sale Yarn Spun From Silk Waste, Not Put Up For Retail Sale: - Containing 85 Percent Or More By Weight Of Silk Waste: Other Than Noil Silk must use this code for proper invoicing and return filing. Applicable taxes include CGST at 2.50%, SGST/UTGST at 2.50%, and IGST at 5.00%. 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... | 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 50050011
The taxation of Yarn Spun From Silk Waste, Not Put Up For Retail Sale Yarn Spun From Silk Waste, Not Put Up For Retail Sale: - Containing 85 Percent Or More By Weight Of Silk Waste: Other Than Noil Silk under HSN Code 50050011 depends on supply location. Intrastate transactions require CGST at 2.50% and SGST/UTGST at 2.50%. Interstate supplies are charged IGST at 5.00%. Invoices should consistently use kg. for Textiles And Textile Articles goods under Chapter 50.
Who Should Use HSN Code 50050011?
Manufacturers, wholesalers, retailers, and exporters dealing in Yarn Spun From Silk Waste, Not Put Up For Retail Sale Yarn Spun From Silk Waste, Not Put Up For Retail Sale: - Containing 85 Percent Or More By Weight Of Silk Waste: Other Than Noil Silk are required to mention HSN 50050011 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
Looking to deal in Yarn Spun From Silk Waste, Not Put Up For Retail Sale Yarn Spun From Silk Waste, Not Put Up For Retail Sale: - Containing 85 Percent Or More By Weight Of Silk Waste: Other Than Noil Silk? GST registration is your first compliance requirement for HSN 50050011 goods. International traders in Textiles And Textile Articles products must obtain an Import Export Code. AD Code registration facilitates export payment processing. Company registration should precede all other business approvals.
Why Correct Classification Matters
Accurate application of HSN Code 50050011 for Yarn Spun From Silk Waste, Not Put Up For Retail Sale Yarn Spun From Silk Waste, Not Put Up For Retail Sale: - Containing 85 Percent Or More By Weight Of Silk Waste: Other Than Noil Silk enables legitimate input tax credit claims and prevents assessment disputes. Businesses under Chapter 50 – Textiles And Textile Articles should monitor rate updates (2.50%, 2.50%, 5.00%) through official notifications to maintain seamless compliance.
Frequently Asked Questions (FAQs)
What is the unit of measurement for HSN 50050011?
The standard unit of measurement for Yarn Spun From Silk Waste, Not Put Up For Retail Sale Yarn Spun From Silk Waste, Not Put Up For Retail Sale: - Containing 85 Percent Or More By Weight Of Silk Waste: Other Than Noil Silk under HSN Code 50050011 is kg.. All invoices and GST returns must reflect quantities using this measurement standard.
Is HSN Code 50050011 mandatory for small businesses?
Yes, businesses dealing in Yarn Spun From Silk Waste, Not Put Up For Retail Sale Yarn Spun From Silk Waste, Not Put Up For Retail Sale: - Containing 85 Percent Or More By Weight Of Silk Waste: Other Than Noil Silk must use HSN 50050011 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 Yarn Spun From Silk Waste, Not Put Up For Retail Sale Yarn Spun From Silk Waste, Not Put Up For Retail Sale: - Containing 85 Percent Or More By Weight Of Silk Waste: Other Than Noil Silk?
Using incorrect classification can result in wrong tax calculation, rejected input credits, and penalties during assessment. Always verify HSN 50050011 for Textiles And Textile Articles goods before invoicing.
Do I need AD Code registration for exporting Yarn Spun From Silk Waste, Not Put Up For Retail Sale Yarn Spun From Silk Waste, Not Put Up For Retail Sale: - Containing 85 Percent Or More By Weight Of Silk Waste: Other Than Noil Silk?
Yes, AD Code registration is required for exporters dealing in Yarn Spun From Silk Waste, Not Put Up For Retail Sale Yarn Spun From Silk Waste, Not Put Up For Retail Sale: - Containing 85 Percent Or More By Weight Of Silk Waste: Other Than Noil Silk under Textiles And Textile Articles. This registration links your bank account to process foreign currency payments from overseas buyers.