What is HSN code 51040010?

HSN code 51040010 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 51040010?

The GST rate applicable to HSN 51040010 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 51040010 follows this same structure.

What is the structure of HSN code 51040010?

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 51040010 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.

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HSN Code & GST Rates for Garnetted Stock Of Wool :- 51040010

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HSN Code

51040010

Harmonized System of Nomenclature

Chapter: 51
Heading: 5104
Sub-heading: 510400
Type: Tariff item (8-digit)
Classification: HSN (GST)

51040010 is the designated HSN classification for Garnetted Stock Of Wool Or Of Fine Or Coarse Animal Hair - Garnetted Stock Of Wool Or Of Fine Or Coarse Animal Hair : Shoddy Wool, categorized under Chapter 51 – Wool, Fine Or Coarse Animal H in the GST tariff structure. Businesses involved in trading, manufacturing, or importing Garnetted Stock Of Wool Or Of Fine Or Coarse Animal Hair - Garnetted Stock Of Wool Or Of Fine Or Coarse Animal Hair : Shoddy Wool must apply this code correctly on invoices and tax returns. The applicable tax rates include CGST at 2.50%, SGST/UTGST at 2.50% for local transactions, and IGST at 5.00% for interstate supplies. Quantities are measured in kg. for billing purposes.

HSN Codes under Chapter 51 – Wool, Fine Or Coarse Animal H

Below are related HSN codes from Chapter 51 – Wool, Fine Or Coarse Animal H for your reference:

Chapter	HSN Code	Description	CGST	SGST/UTGST	IGST
Wool, Fine Or Coarse Animal H...	51011100	Wool, Not Carded Or Combed : Greasy, Including Fle...	Nil	Nil	Nil
Wool, Fine Or Coarse Animal H...	51011900	Wool, Not Carded Or Combed : Greasy, Including Fle...	Nil	Nil	Nil
Wool, Fine Or Coarse Animal H...	51012100	Wool, Not Carded Or Combed : Degreased, Not Carbon...	Nil	Nil	Nil
Wool, Fine Or Coarse Animal H...	51012900	Wool, Not Carded Or Combed : Degreased, Not Carbon...	Nil	Nil	Nil
Wool, Fine Or Coarse Animal H...	51013000	Wool, Not Carded Or Combed : Carbonised	Nil	Nil	Nil
Wool, Fine Or Coarse Animal H...	51021110	Fine Or Coarse Animal Hair, Not Carded Or Combed F...	Nil	Nil	Nil
Wool, Fine Or Coarse Animal H...	51021190	Fine Or Coarse Animal Hair, Not Carded Or Combed F...	Nil	Nil	Nil
Wool, Fine Or Coarse Animal H...	51021910	Fine Or Coarse Animal Hair, Not Carded Or Combed F...	Nil	Nil	Nil
Wool, Fine Or Coarse Animal H...	51021990	Fine Or Coarse Animal Hair, Not Carded Or Combed F...	Nil	Nil	Nil
Wool, Fine Or Coarse Animal H...	51022010	Fine Or Coarse Animal Hair, Not Carded Or Combed C...	Nil	Nil	Nil

GST Rates for HSN 51040010

Tax liability for Garnetted Stock Of Wool Or Of Fine Or Coarse Animal Hair - Garnetted Stock Of Wool Or Of Fine Or Coarse Animal Hair : Shoddy Wool under HSN 51040010 varies by transaction geography. CGST at 2.50% combined with SGST/UTGST at 2.50% applies to local sales. Interstate movement attracts IGST at 5.00%. All billing for Chapter 51 – Wool, Fine Or Coarse Animal H products must use kg..

Who Should Use HSN Code 51040010?

Any business engaged in supplying Garnetted Stock Of Wool Or Of Fine Or Coarse Animal Hair - Garnetted Stock Of Wool Or Of Fine Or Coarse Animal Hair : Shoddy Wool must apply HSN 51040010 on invoices. The Wool, Fine Or Coarse Animal H category under Chapter 51 requires this classification for wholesalers, retailers, exporters, and online marketplaces alike.

Business Registration Requirements

Entering the Garnetted Stock Of Wool Or Of Fine Or Coarse Animal Hair - Garnetted Stock Of Wool Or Of Fine Or Coarse Animal Hair : Shoddy Wool market requires essential registrations. GST registration enables legal tax collection on HSN 51040010 goods. For cross-border trade in Wool, Fine Or Coarse Animal H items, secure an Import Export Code. Exporters additionally need AD Code registration for bank processing. Begin with company registration to establish your business entity.

Why Correct Classification Matters

Using HSN Code 51040010 accurately for Garnetted Stock Of Wool Or Of Fine Or Coarse Animal Hair - Garnetted Stock Of Wool Or Of Fine Or Coarse Animal Hair : Shoddy Wool avoids compliance issues and facilitates credit claims. Monitor changes to 2.50%, 2.50%, and 5.00% rates for Chapter 51 – Wool, Fine Or Coarse Animal H to maintain accurate filings and smooth business operations.

Frequently Asked Questions (FAQs)

Which chapter does HSN Code 51040010 belong to?

HSN Code 51040010 falls under Chapter 51 – Wool, Fine Or Coarse Animal H in the GST tariff schedule. This chapter covers various goods including Garnetted Stock Of Wool Or Of Fine Or Coarse Animal Hair - Garnetted Stock Of Wool Or Of Fine Or Coarse Animal Hair : Shoddy Wool.

Is IGST applicable on Garnetted Stock Of Wool Or Of Fine Or Coarse Animal Hair - Garnetted Stock Of Wool Or Of Fine Or Coarse Animal Hair : Shoddy Wool?

Yes, IGST at 5.00% is applicable when Garnetted Stock Of Wool Or Of Fine Or Coarse Animal Hair - Garnetted Stock Of Wool Or Of Fine Or Coarse Animal Hair : Shoddy Wool 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 51040010?

Yes, e-commerce sellers dealing in Garnetted Stock Of Wool Or Of Fine Or Coarse Animal Hair - Garnetted Stock Of Wool Or Of Fine Or Coarse Animal Hair : Shoddy Wool must use HSN 51040010 on their invoices. This applies to all online platforms operating under Wool, Fine Or Coarse Animal H classification.

How do I start an import business for Wool, Fine Or Coarse Animal H goods?

To import goods under Wool, Fine Or Coarse Animal H, complete GST registration first, then obtain an Import Export Code from DGFT. Proper company registration provides the legal foundation for your import operations.