What is HSN code 51062010?

HSN code 51062010 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 51062010?

The GST rate applicable to HSN 51062010 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 51062010 follows this same structure.

What is the structure of HSN code 51062010?

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 51062010 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 Yarn Of Carded Wool, :- 51062010

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HSN Code

51062010

Harmonized System of Nomenclature

Chapter: 51
Heading: 5106
Sub-heading: 510620
Type: Tariff item (8-digit)
Classification: HSN (GST)

Chapter 51 of the GST framework covers Wool, Fine Or Coarse Animal H, and HSN Code 51062010 specifically identifies Yarn Of Carded Wool, Not Put Up For Retail Sale Containing Less Than 85 Percent By Weight Of Wool : Shoddy Woollen Yarn for taxation purposes. This classification is mandatory for all businesses engaged in the supply of Yarn Of Carded Wool, Not Put Up For Retail Sale Containing Less Than 85 Percent By Weight Of Wool : Shoddy Woollen Yarn. Tax rates applicable include CGST at 2.50%, SGST/UTGST at 2.50%, and IGST at 5.00% for interstate movements. The standard unit of measurement is kg..

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 51062010

For Yarn Of Carded Wool, Not Put Up For Retail Sale Containing Less Than 85 Percent By Weight Of Wool : Shoddy Woollen Yarn classified under HSN Code 51062010, tax computation follows GST principles. CGST at 2.50% plus SGST/UTGST at 2.50% covers intrastate sales. IGST at 5.00% applies to interstate transactions. kg. is the prescribed measurement for Wool, Fine Or Coarse Animal H under Chapter 51.

Who Should Use HSN Code 51062010?

Every entity transacting in Yarn Of Carded Wool, Not Put Up For Retail Sale Containing Less Than 85 Percent By Weight Of Wool : Shoddy Woollen Yarn must quote HSN Code 51062010 on invoices. This includes traders, distributors, and e-commerce sellers operating under Wool, Fine Or Coarse Animal H. Chapter 51 mandates this classification for accurate tax computation across the supply chain.

Business Registration Requirements

Entering the Yarn Of Carded Wool, Not Put Up For Retail Sale Containing Less Than 85 Percent By Weight Of Wool : Shoddy Woollen Yarn market requires essential registrations. GST registration enables legal tax collection on HSN 51062010 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

Accurate HSN Code 51062010 usage for Yarn Of Carded Wool, Not Put Up For Retail Sale Containing Less Than 85 Percent By Weight Of Wool : Shoddy Woollen Yarn simplifies reconciliation and protects against penalties. Keep current with 2.50%, 2.50%, and 5.00% updates for Chapter 51 – Wool, Fine Or Coarse Animal H to ensure ongoing compliance.

Frequently Asked Questions (FAQs)

How many digits of HSN Code 51062010 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 51062010 for accurate classification of Yarn Of Carded Wool, Not Put Up For Retail Sale Containing Less Than 85 Percent By Weight Of Wool : Shoddy Woollen Yarn.

Can I claim input tax credit on Yarn Of Carded Wool, Not Put Up For Retail Sale Containing Less Than 85 Percent By Weight Of Wool : Shoddy Woollen Yarn purchases?

Yes, registered businesses can claim input tax credit on Yarn Of Carded Wool, Not Put Up For Retail Sale Containing Less Than 85 Percent By Weight Of Wool : Shoddy Woollen Yarn purchases made under HSN 51062010. 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 51062010?

CGST at 2.50% plus SGST/UTGST at 2.50% applies when Yarn Of Carded Wool, Not Put Up For Retail Sale Containing Less Than 85 Percent By Weight Of Wool : Shoddy Woollen Yarn 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 Yarn Of Carded Wool, Not Put Up For Retail Sale Containing Less Than 85 Percent By Weight Of Wool : Shoddy Woollen Yarn domestically?

No, Import Export Code is only required if you plan to import or export Yarn Of Carded Wool, Not Put Up For Retail Sale Containing Less Than 85 Percent By Weight Of Wool : Shoddy Woollen Yarn internationally. For domestic trade within Wool, Fine Or Coarse Animal H, GST registration is sufficient.