What is HSN code 51062020?

HSN code 51062020 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 51062020?

The GST rate applicable to HSN 51062020 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 51062020 follows this same structure.

What is the structure of HSN code 51062020?

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 51062020 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, :- 51062020

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HSN Code

51062020

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 51062020 specifically identifies Yarn Of Carded Wool, Not Put Up For Retail Sale Containing Less Than 85 Percent By Weight Of Wool : Munga 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 : Munga 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 51062020

Tax liability for Yarn Of Carded Wool, Not Put Up For Retail Sale Containing Less Than 85 Percent By Weight Of Wool : Munga Woollen Yarn under HSN 51062020 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 51062020?

Traders, manufacturers, and importers of Yarn Of Carded Wool, Not Put Up For Retail Sale Containing Less Than 85 Percent By Weight Of Wool : Munga Woollen Yarn are required to mention HSN Code 51062020 on all GST documents. This Wool, Fine Or Coarse Animal H classification under Chapter 51 is mandatory for compliance across all business formats including online sellers.

Business Registration Requirements

Commencing trade in Yarn Of Carded Wool, Not Put Up For Retail Sale Containing Less Than 85 Percent By Weight Of Wool : Munga Woollen Yarn? Secure GST registration to handle taxes on HSN 51062020 classified goods. Businesses with international operations in Wool, Fine Or Coarse Animal H need an Import Export Code. Exporters require AD Code registration for foreign currency receipts. Start with company registration to formalize your business structure.

Why Correct Classification Matters

Proper use of HSN Code 51062020 for Yarn Of Carded Wool, Not Put Up For Retail Sale Containing Less Than 85 Percent By Weight Of Wool : Munga Woollen Yarn streamlines audit processes and supports valid credit claims. Stay updated on 2.50%, 2.50%, and 5.00% rates for Chapter 51 – Wool, Fine Or Coarse Animal H through government circulars to ensure uninterrupted compliance.

Frequently Asked Questions (FAQs)

How many digits of HSN Code 51062020 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 51062020 for accurate classification of Yarn Of Carded Wool, Not Put Up For Retail Sale Containing Less Than 85 Percent By Weight Of Wool : Munga 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 : Munga 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 : Munga Woollen Yarn purchases made under HSN 51062020. 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 51062020?

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 : Munga 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 : Munga 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 : Munga Woollen Yarn internationally. For domestic trade within Wool, Fine Or Coarse Animal H, GST registration is sufficient.