HSN Code 50079010 provides the tax classification for Other Handloom Woven Fabrics under Chapter 50 – Textiles And Textile Articles of the GST tariff. Businesses dealing in Other Handloom Woven Fabrics 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 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 50079010
Goods classified as Other Handloom Woven Fabrics under HSN 50079010 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 50079010?
Traders, manufacturers, and importers of Other Handloom Woven Fabrics are required to mention HSN Code 50079010 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 Other Handloom Woven Fabrics? GST registration is mandatory for collecting and remitting taxes on HSN 50079010 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 application of HSN Code 50079010 for Other Handloom Woven Fabrics 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)
How many digits of HSN Code 50079010 should I mention on invoices?
The number of HSN digits depends on your annual turnover. Businesses with turnover above Rs 5 crore must mention 6 digits, while others may use 4 digits. Always use the complete HSN 50079010 for accurate classification of Other Handloom Woven Fabrics.
Can I claim input tax credit on Other Handloom Woven Fabrics purchases?
Yes, registered businesses can claim input tax credit on Other Handloom Woven Fabrics purchases made under HSN 50079010. Ensure your supplier mentions correct HSN code and GST rates (2.50%, 2.50%) on the invoice.
What is the difference between CGST and IGST for HSN 50079010?
CGST at 2.50% plus SGST/UTGST at 2.50% applies when Other Handloom Woven Fabrics is sold within the same state. IGST at 5.00% is charged when goods move across state borders or are imported.
Is Import Export Code necessary for trading Other Handloom Woven Fabrics domestically?
No, Import Export Code is only required if you plan to import or export Other Handloom Woven Fabrics internationally. For domestic trade within Textiles And Textile Articles, GST registration is sufficient.