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HSN Code & GST Rates for Yarn Of Combed Wool, :- 51071010

HSN Code 51071010 provides the tax classification for Yarn Of Combed Wool, Not Put Up For Retail Sale Containing 85 Percent Or More By Weight Of Wool : Worsted Hosiery Yarn under Chapter 51 – Wool, Fine Or Coarse Animal H of the GST tariff. Businesses dealing in Yarn Of Combed Wool, Not Put Up For Retail Sale Containing 85 Percent Or More By Weight Of Wool : Worsted Hosiery Yarn must use this code for proper invoicing and return filing. Applicable taxes include CGST at 2.50%, SGST/UTGST at 2.50%, and IGST at 5.00%. The recognized unit of measurement is N.a.

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 51071010

The taxation of Yarn Of Combed Wool, Not Put Up For Retail Sale Containing 85 Percent Or More By Weight Of Wool : Worsted Hosiery Yarn under HSN Code 51071010 depends on supply location. Intrastate transactions require CGST at 2.50% and SGST/UTGST at 2.50%. Interstate supplies are charged IGST at 5.00%. Invoices should consistently use N.a for Wool, Fine Or Coarse Animal H goods under Chapter 51.

Who Should Use HSN Code 51071010?

Manufacturers, wholesalers, retailers, and exporters dealing in Yarn Of Combed Wool, Not Put Up For Retail Sale Containing 85 Percent Or More By Weight Of Wool : Worsted Hosiery Yarn are required to mention HSN 51071010 on all tax documents. This classification under Wool, Fine Or Coarse Animal H applies to businesses of all sizes operating within Chapter 51. Proper usage ensures accurate return filing and audit compliance.

Business Registration Requirements

Planning to trade in Yarn Of Combed Wool, Not Put Up For Retail Sale Containing 85 Percent Or More By Weight Of Wool : Worsted Hosiery Yarn? Complete GST registration to legally collect taxes on goods under HSN 51071010. Businesses importing or exporting Wool, Fine Or Coarse Animal H 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

Correct HSN Code 51071010 application for Yarn Of Combed Wool, Not Put Up For Retail Sale Containing 85 Percent Or More By Weight Of Wool : Worsted Hosiery Yarn ensures smooth input credit utilization and assessment processes. Track 2.50%, 2.50%, and 5.00% rate changes for Chapter 51 – Wool, Fine Or Coarse Animal H through official notifications for continuous compliance.

Frequently Asked Questions (FAQs)

How many digits of HSN Code 51071010 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 51071010 for accurate classification of Yarn Of Combed Wool, Not Put Up For Retail Sale Containing 85 Percent Or More By Weight Of Wool : Worsted Hosiery Yarn.

Can I claim input tax credit on Yarn Of Combed Wool, Not Put Up For Retail Sale Containing 85 Percent Or More By Weight Of Wool : Worsted Hosiery Yarn purchases?

Yes, registered businesses can claim input tax credit on Yarn Of Combed Wool, Not Put Up For Retail Sale Containing 85 Percent Or More By Weight Of Wool : Worsted Hosiery Yarn purchases made under HSN 51071010. 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 51071010?

CGST at 2.50% plus SGST/UTGST at 2.50% applies when Yarn Of Combed Wool, Not Put Up For Retail Sale Containing 85 Percent Or More By Weight Of Wool : Worsted Hosiery 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 Combed Wool, Not Put Up For Retail Sale Containing 85 Percent Or More By Weight Of Wool : Worsted Hosiery Yarn domestically?

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

More HSN codes from Chapter 51

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