HSN Code: 50079090 Woven Fabrics Of Silk

Under the GST regime, HSN Code 50079090 classifies Woven Fabrics Of Silk Or Of Silk Waste - Other Fabrics within Chapter 50 – Textiles And Textile Articles. This code is essential for businesses to correctly calculate and remit taxes on Woven Fabrics Of Silk Or Of Silk Waste - Other Fabrics. The applicable rates are CGST at 0.025, SGST/UTGST at 0.025 for within-state sales, and IGST at 0.05 for interstate supplies. Goods are quantified using N.a.

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 50079090

The taxation of Woven Fabrics Of Silk Or Of Silk Waste - Other Fabrics under HSN Code 50079090 depends on supply location. Intrastate transactions require CGST at 0.025 and SGST/UTGST at 0.025. Interstate supplies are charged IGST at 0.05. Invoices should consistently use N.a for Textiles And Textile Articles goods under Chapter 50.

Who Should Use HSN Code 50079090?

All businesses supplying Woven Fabrics Of Silk Or Of Silk Waste - Other Fabrics are obligated to use HSN 50079090 on tax invoices. From producers to retailers within Textiles And Textile Articles, Chapter 50 classification ensures uniform tax treatment. This requirement applies regardless of turnover or business model.

Business Registration Requirements

Looking to deal in Woven Fabrics Of Silk Or Of Silk Waste - Other Fabrics? GST registration is your first compliance requirement for HSN 50079090 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

Correct HSN Code 50079090 application for Woven Fabrics Of Silk Or Of Silk Waste - Other Fabrics ensures smooth input credit utilization and assessment processes. Track 0.025, 0.025, and 0.05 rate changes for Chapter 50 – Textiles And Textile Articles through official notifications for continuous compliance.

Frequently Asked Questions (FAQs)

How many digits of HSN Code 50079090 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 50079090 for accurate classification of Woven Fabrics Of Silk Or Of Silk Waste - Other Fabrics.

Can I claim input tax credit on Woven Fabrics Of Silk Or Of Silk Waste - Other Fabrics purchases?

Yes, registered businesses can claim input tax credit on Woven Fabrics Of Silk Or Of Silk Waste - Other Fabrics purchases made under HSN 50079090. Ensure your supplier mentions correct HSN code and GST rates (0.025, 0.025) on the invoice.

What is the difference between CGST and IGST for HSN 50079090?

CGST at 0.025 plus SGST/UTGST at 0.025 applies when Woven Fabrics Of Silk Or Of Silk Waste - Other Fabrics is sold within the same state. IGST at 0.05 is charged when goods move across state borders or are imported.

Is Import Export Code necessary for trading Woven Fabrics Of Silk Or Of Silk Waste - Other Fabrics domestically?

No, Import Export Code is only required if you plan to import or export Woven Fabrics Of Silk Or Of Silk Waste - Other Fabrics internationally. For domestic trade within Textiles And Textile Articles, GST registration is sufficient.