HSN Code: 50072010 Woven Fabrics Of Silk

Within Chapter 50 – Textiles And Textile Articles, HSN Code 50072010 serves as the official classification for Woven Fabrics Of Silk Or Of Silk Waste Other Fabrics, Containing 85 Percent Or More By Weight Of Silk Or Of Silk Waste Other Than Noil Silk: Sarees. This code determines tax rates and compliance obligations for all entities trading in Woven Fabrics Of Silk Or Of Silk Waste Other Fabrics, Containing 85 Percent Or More By Weight Of Silk Or Of Silk Waste Other Than Noil Silk: Sarees. CGST applies at 2.50%, SGST/UTGST at 2.50% for local transactions, and IGST at 5.00% for interstate supplies. Measurement is standardized in m2.

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 50072010

Goods classified as Woven Fabrics Of Silk Or Of Silk Waste Other Fabrics, Containing 85 Percent Or More By Weight Of Silk Or Of Silk Waste Other Than Noil Silk: Sarees under HSN 50072010 are taxed based on transaction type. Local sales attract CGST at 2.50% plus SGST/UTGST at 2.50%. For supplies crossing state boundaries, IGST at 5.00% applies. Documentation must reflect m2 as the measurement standard for Chapter 50 – Textiles And Textile Articles products.

Who Should Use HSN Code 50072010?

Traders, manufacturers, and importers of Woven Fabrics Of Silk Or Of Silk Waste Other Fabrics, Containing 85 Percent Or More By Weight Of Silk Or Of Silk Waste Other Than Noil Silk: Sarees are required to mention HSN Code 50072010 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

Starting a business involving Woven Fabrics Of Silk Or Of Silk Waste Other Fabrics, Containing 85 Percent Or More By Weight Of Silk Or Of Silk Waste Other Than Noil Silk: Sarees? GST registration is mandatory for collecting and remitting taxes on HSN 50072010 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

Accurate HSN Code 50072010 usage for Woven Fabrics Of Silk Or Of Silk Waste Other Fabrics, Containing 85 Percent Or More By Weight Of Silk Or Of Silk Waste Other Than Noil Silk: Sarees 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)

Which chapter does HSN Code 50072010 belong to?

HSN Code 50072010 falls under Chapter 50 – Textiles And Textile Articles in the GST tariff schedule. This chapter covers various goods including Woven Fabrics Of Silk Or Of Silk Waste Other Fabrics, Containing 85 Percent Or More By Weight Of Silk Or Of Silk Waste Other Than Noil Silk: Sarees.

Is IGST applicable on Woven Fabrics Of Silk Or Of Silk Waste Other Fabrics, Containing 85 Percent Or More By Weight Of Silk Or Of Silk Waste Other Than Noil Silk: Sarees?

Yes, IGST at 5.00% is applicable when Woven Fabrics Of Silk Or Of Silk Waste Other Fabrics, Containing 85 Percent Or More By Weight Of Silk Or Of Silk Waste Other Than Noil Silk: Sarees is supplied interstate or imported. For local sales within a state, CGST at 2.50% and SGST/UTGST at 2.50% apply instead.

Can e-commerce sellers use HSN Code 50072010?

Yes, e-commerce sellers dealing in Woven Fabrics Of Silk Or Of Silk Waste Other Fabrics, Containing 85 Percent Or More By Weight Of Silk Or Of Silk Waste Other Than Noil Silk: Sarees must use HSN 50072010 on their invoices. This applies to all online platforms operating under Textiles And Textile Articles classification.

How do I start an import business for Textiles And Textile Articles goods?

To import goods under Textiles And Textile Articles, complete GST registration first, then obtain an Import Export Code from DGFT. Proper company registration provides the legal foundation for your import operations.