HSN Code 50060011 provides the tax classification for Silk Yarn And Yarn Spun From Silk Waste, Put Up For Retail Sale; Silk-Worm Gut Silk Yarn And Yarn Spun From Silk Waste, Put Up For Retail Sale; Silk Worm Gut: - Silk Yarn : Silk Embroidery Thread under Chapter 50 – Textiles And Textile Articles of the GST tariff. Businesses dealing in Silk Yarn And Yarn Spun From Silk Waste, Put Up For Retail Sale; Silk-Worm Gut Silk Yarn And Yarn Spun From Silk Waste, Put Up For Retail Sale; Silk Worm Gut: - Silk Yarn : Silk Embroidery Thread 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 50060011
Tax liability for Silk Yarn And Yarn Spun From Silk Waste, Put Up For Retail Sale; Silk-Worm Gut Silk Yarn And Yarn Spun From Silk Waste, Put Up For Retail Sale; Silk Worm Gut: - Silk Yarn : Silk Embroidery Thread under HSN 50060011 varies by transaction geography. CGST at 2.50% combined with SGST/UTGST at 2.50% applies to local sales. Interstate movement attracts IGST at 5.00%. All billing for Chapter 50 – Textiles And Textile Articles products must use kg..
Who Should Use HSN Code 50060011?
Traders, manufacturers, and importers of Silk Yarn And Yarn Spun From Silk Waste, Put Up For Retail Sale; Silk-Worm Gut Silk Yarn And Yarn Spun From Silk Waste, Put Up For Retail Sale; Silk Worm Gut: - Silk Yarn : Silk Embroidery Thread are required to mention HSN Code 50060011 on all GST documents. This Textiles And Textile Articles classification under Chapter 50 is mandatory for compliance across all business formats including online sellers.
Business Registration Requirements
Planning to trade in Silk Yarn And Yarn Spun From Silk Waste, Put Up For Retail Sale; Silk-Worm Gut Silk Yarn And Yarn Spun From Silk Waste, Put Up For Retail Sale; Silk Worm Gut: - Silk Yarn : Silk Embroidery Thread? Complete GST registration to legally collect taxes on goods under HSN 50060011. 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 HSN Code 50060011 usage for Silk Yarn And Yarn Spun From Silk Waste, Put Up For Retail Sale; Silk-Worm Gut Silk Yarn And Yarn Spun From Silk Waste, Put Up For Retail Sale; Silk Worm Gut: - Silk Yarn : Silk Embroidery Thread simplifies reconciliation and protects against penalties. Keep current with 2.50%, 2.50%, and 5.00% 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 50060011?
Official GST rates for Silk Yarn And Yarn Spun From Silk Waste, Put Up For Retail Sale; Silk-Worm Gut Silk Yarn And Yarn Spun From Silk Waste, Put Up For Retail Sale; Silk Worm Gut: - Silk Yarn : Silk Embroidery Thread under HSN 50060011 are published in government notifications and the CBIC website. Current rates are CGST 2.50%, SGST/UTGST 2.50%, and IGST 5.00%.
Do online marketplaces need to mention HSN 50060011?
Yes, online marketplaces and e-commerce operators selling Silk Yarn And Yarn Spun From Silk Waste, Put Up For Retail Sale; Silk-Worm Gut Silk Yarn And Yarn Spun From Silk Waste, Put Up For Retail Sale; Silk Worm Gut: - Silk Yarn : Silk Embroidery Thread must mention HSN Code 50060011 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 Yarn And Yarn Spun From Silk Waste, Put Up For Retail Sale; Silk-Worm Gut Silk Yarn And Yarn Spun From Silk Waste, Put Up For Retail Sale; Silk Worm Gut: - Silk Yarn : Silk Embroidery Thread?
For company registration, you need identity proof, address proof, and registered office documents. Once registered, apply for GST registration to start trading in Silk Yarn And Yarn Spun From Silk Waste, Put Up For Retail Sale; Silk-Worm Gut Silk Yarn And Yarn Spun From Silk Waste, Put Up For Retail Sale; Silk Worm Gut: - Silk Yarn : Silk Embroidery Thread under HSN 50060011.
How often do GST rates change for Textiles And Textile Articles products?
GST rates for Silk Yarn And Yarn Spun From Silk Waste, Put Up For Retail Sale; Silk-Worm Gut Silk Yarn And Yarn Spun From Silk Waste, Put Up For Retail Sale; Silk Worm Gut: - Silk Yarn : Silk Embroidery Thread and other Textiles And Textile Articles products under Chapter 50 may change through GST Council recommendations. Monitor official notifications to stay updated on 2.50%, 2.50%, and 5.00% revisions.