HSN Code 50072090 provides the tax 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: Other under Chapter 50 – Textiles And Textile Articles of the GST tariff. Businesses 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: Other must use this code for proper invoicing and return filing. Applicable taxes include CGST at 0.025, SGST/UTGST at 0.025, and IGST at 0.05. The recognized unit of measurement is 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 50072090
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: Other under HSN 50072090 are taxed based on transaction type. Local sales attract CGST at 0.025 plus SGST/UTGST at 0.025. For supplies crossing state boundaries, IGST at 0.05 applies. Documentation must reflect m2 as the measurement standard for Chapter 50 – Textiles And Textile Articles products.
Who Should Use HSN Code 50072090?
Any business engaged in supplying 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: Other must apply HSN 50072090 on invoices. The Textiles And Textile Articles category under Chapter 50 requires this classification for wholesalers, retailers, exporters, and online marketplaces alike.
Business Registration Requirements
Looking to deal 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: Other? GST registration is your first compliance requirement for HSN 50072090 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 HSN Code 50072090 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: Other simplifies reconciliation and protects against penalties. Keep current with 0.025, 0.025, and 0.05 updates for Chapter 50 – Textiles And Textile Articles to ensure ongoing compliance.
Frequently Asked Questions (FAQs)
What is HSN Code 50072090 used for?
HSN Code 50072090 is used to classify 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: 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.
What are the GST rates applicable on HSN 50072090?
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: Other, CGST applies at 0.025 and SGST/UTGST at 0.025 for intrastate supplies. Interstate transactions are taxed under IGST at 0.05.
Do I need GST registration to trade 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: Other?
Yes, GST registration is mandatory for businesses 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: Other under HSN 50072090. This enables you to legally collect taxes and claim input credits on purchases.
What registrations are required for importing 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: Other?
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.