What is HSN code 5071020?

HSN code 5071020 is a classification under the Harmonized System of Nomenclature used to identify goods for GST in India. The goods description and applicable GST rate are shown in the details on this page.

What is the GST rate for HSN code 5071020?

The GST rate applicable to HSN 5071020 is shown in the details above. GST rates are revised from time to time through CBIC notifications, so always confirm the current rate before raising an invoice.

How many digits does an HSN code have?

Under Indian GST, HSN codes are 2, 4, 6 or 8 digits. Businesses quote 4, 6 or 8 digits on invoices depending on turnover; code 5071020 follows this same structure.

What is the structure of HSN code 5071020?

An HSN code breaks down into a 2-digit Chapter, 4-digit Heading and 6-digit Sub-heading, extending to an 8-digit tariff item in India. Code 5071020 sits within this hierarchy.

Where is the HSN code used?

HSN codes are quoted on GST invoices and in GSTR-1 returns, and are used to classify goods for GST rate determination and customs.

HSN Code: 5071020 Ivory, Tortoise-Shell, Whalebone And -

Within Chapter 5 – Products Of Animal Origin, No, HSN Code 5071020 serves as the official classification for Ivory, Tortoise-Shell, Whalebone And - Whalebone Hair, Horns, Antlers, Hooves, - Nails, Claws And Beaks, Unworked Or Simply - Prepared But Not Cut To Shape; Powder And - Waste Of These Products - Ivory; Ivory Powder And Waste : - Ivory Powder And Waste. This code determines tax rates and compliance obligations for all entities trading in Ivory, Tortoise-Shell, Whalebone And - Whalebone Hair, Horns, Antlers, Hooves, - Nails, Claws And Beaks, Unworked Or Simply - Prepared But Not Cut To Shape; Powder And - Waste Of These Products - Ivory; Ivory Powder And Waste : - Ivory Powder And Waste. CGST applies at 0.025, SGST/UTGST at 0.025 for local transactions, and IGST at 0.05 for interstate supplies. Measurement is standardized in kg..

HSN Codes under Chapter 5 – Products Of Animal Origin, No

Below are related HSN codes from Chapter 5 – Products Of Animal Origin, No for your reference:

Chapter	HSN Code	Description	CGST	SGST/UTGST	IGST
Products Of Animal Origin, No...	5010010	Human Hair, Unworked, Whether Or - Not Washed Or S...	Nil	Nil	Nil
Products Of Animal Origin, No...	5010020	Human Hair, Unworked, Whether Or - Not Washed Or S...	Nil	Nil	Nil
Products Of Animal Origin, No...	5021010	Pigs, Hogsor Boarsbristles And Hair;Badger Hair An...	2.50%	2.50%	5.00%
Products Of Animal Origin, No...	5021020	Pigs, Hogs Or Boars Bristles And Hair;Badger Hair ...	0.025	0.025	0.05
Products Of Animal Origin, No...	5029010	Pigs, Hogs Or Boars Bristles And Hair; - Badger Ha...	2.50%	2.50%	5.00%
Products Of Animal Origin, No...	5029020	Pigs, Hogs Or Boars Bristles And Hair; - Badger Ha...	2.50%	2.50%	5.00%
Products Of Animal Origin, No...	5029090	Pigs, Hogs Or Boars Bristles And Hair; - Badger Ha...	0.025	0.025	0.05
Products Of Animal Origin, No...	5040010	Guts, Bladders And Stomachs Of Animals - (Other Th...	Nil/2.5%	Nil/2.5%	Nil/5%
Products Of Animal Origin, No...	5040020	Guts, Bladders And Stomachs Of Animals - (Other Th...	Nil/2.5%	Nil/2.5%	Nil/5%
Products Of Animal Origin, No...	5040031	Guts, Bladders And Stomachs Of Animals - (Other Th...	Nil/2.5%	Nil/2.5%	Nil/5%

GST Rates for HSN 5071020

Tax liability for Ivory, Tortoise-Shell, Whalebone And - Whalebone Hair, Horns, Antlers, Hooves, - Nails, Claws And Beaks, Unworked Or Simply - Prepared But Not Cut To Shape; Powder And - Waste Of These Products - Ivory; Ivory Powder And Waste : - Ivory Powder And Waste under HSN 5071020 varies by transaction geography. CGST at 0.025 combined with SGST/UTGST at 0.025 applies to local sales. Interstate movement attracts IGST at 0.05. All billing for Chapter 5 – Products Of Animal Origin, No products must use kg..

Who Should Use HSN Code 5071020?

Every entity transacting in Ivory, Tortoise-Shell, Whalebone And - Whalebone Hair, Horns, Antlers, Hooves, - Nails, Claws And Beaks, Unworked Or Simply - Prepared But Not Cut To Shape; Powder And - Waste Of These Products - Ivory; Ivory Powder And Waste : - Ivory Powder And Waste must quote HSN Code 5071020 on invoices. This includes traders, distributors, and e-commerce sellers operating under Products Of Animal Origin, No. Chapter 5 mandates this classification for accurate tax computation across the supply chain.

Business Registration Requirements

Planning to trade in Ivory, Tortoise-Shell, Whalebone And - Whalebone Hair, Horns, Antlers, Hooves, - Nails, Claws And Beaks, Unworked Or Simply - Prepared But Not Cut To Shape; Powder And - Waste Of These Products - Ivory; Ivory Powder And Waste : - Ivory Powder And Waste? Complete GST registration to legally collect taxes on goods under HSN 5071020. Businesses importing or exporting Products Of Animal Origin, No 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

Using HSN Code 5071020 accurately for Ivory, Tortoise-Shell, Whalebone And - Whalebone Hair, Horns, Antlers, Hooves, - Nails, Claws And Beaks, Unworked Or Simply - Prepared But Not Cut To Shape; Powder And - Waste Of These Products - Ivory; Ivory Powder And Waste : - Ivory Powder And Waste avoids compliance issues and facilitates credit claims. Monitor changes to 0.025, 0.025, and 0.05 rates for Chapter 5 – Products Of Animal Origin, No to maintain accurate filings and smooth business operations.

Frequently Asked Questions (FAQs)

What is the unit of measurement for HSN 5071020?

The standard unit of measurement for Ivory, Tortoise-Shell, Whalebone And - Whalebone Hair, Horns, Antlers, Hooves, - Nails, Claws And Beaks, Unworked Or Simply - Prepared But Not Cut To Shape; Powder And - Waste Of These Products - Ivory; Ivory Powder And Waste : - Ivory Powder And Waste under HSN Code 5071020 is kg.. All invoices and GST returns must reflect quantities using this measurement standard.

Is HSN Code 5071020 mandatory for small businesses?

Yes, businesses dealing in Ivory, Tortoise-Shell, Whalebone And - Whalebone Hair, Horns, Antlers, Hooves, - Nails, Claws And Beaks, Unworked Or Simply - Prepared But Not Cut To Shape; Powder And - Waste Of These Products - Ivory; Ivory Powder And Waste : - Ivory Powder And Waste must use HSN 5071020 on invoices regardless of their size. The number of digits required may vary based on turnover thresholds set by GST rules.

What happens if I use wrong HSN code for Ivory, Tortoise-Shell, Whalebone And - Whalebone Hair, Horns, Antlers, Hooves, - Nails, Claws And Beaks, Unworked Or Simply - Prepared But Not Cut To Shape; Powder And - Waste Of These Products - Ivory; Ivory Powder And Waste : - Ivory Powder And Waste?

Using incorrect classification can result in wrong tax calculation, rejected input credits, and penalties during assessment. Always verify HSN 5071020 for Products Of Animal Origin, No goods before invoicing.

Do I need AD Code registration for exporting Ivory, Tortoise-Shell, Whalebone And - Whalebone Hair, Horns, Antlers, Hooves, - Nails, Claws And Beaks, Unworked Or Simply - Prepared But Not Cut To Shape; Powder And - Waste Of These Products - Ivory; Ivory Powder And Waste : - Ivory Powder And Waste?

Yes, AD Code registration is required for exporters dealing in Ivory, Tortoise-Shell, Whalebone And - Whalebone Hair, Horns, Antlers, Hooves, - Nails, Claws And Beaks, Unworked Or Simply - Prepared But Not Cut To Shape; Powder And - Waste Of These Products - Ivory; Ivory Powder And Waste : - Ivory Powder And Waste under Products Of Animal Origin, No. This registration links your bank account to process foreign currency payments from overseas buyers.

HSN Code & GST Rates for Ivory, Tortoise-Shell, Whalebone And - :- 5071020