What is HSN code 51071020?

HSN code 51071020 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 51071020?

The GST rate applicable to HSN 51071020 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 51071020 follows this same structure.

What is the structure of HSN code 51071020?

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 51071020 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 Combed Wool, :- 51071020

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HSN Code

51071020

Harmonized System of Nomenclature

Chapter: 51
Heading: 5107
Sub-heading: 510710
Type: Tariff item (8-digit)
Classification: HSN (GST)

Under the GST regime, HSN Code 51071020 classifies Yarn Of Combed Wool, Not Put Up For Retail Sale Containing 85 Percent Or More By Weight Of Wool : Worsted Knitted Yarn within Chapter 51 – Wool, Fine Or Coarse Animal H. This code is essential for businesses to correctly calculate and remit taxes on Yarn Of Combed Wool, Not Put Up For Retail Sale Containing 85 Percent Or More By Weight Of Wool : Worsted Knitted Yarn. The applicable rates are CGST at 2.50%, SGST/UTGST at 2.50% for within-state sales, and IGST at 5.00% for interstate supplies. Goods are quantified using 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 51071020

The tax structure for Yarn Of Combed Wool, Not Put Up For Retail Sale Containing 85 Percent Or More By Weight Of Wool : Worsted Knitted Yarn under HSN Code 51071020 follows a dual taxation model. CGST is levied at 2.50% and SGST/UTGST at 2.50% for intrastate sales. Interstate transactions attract IGST at 5.00%. All invoices must record quantities in N.a as the standard measurement for goods under Chapter 51 – Wool, Fine Or Coarse Animal H.

Who Should Use HSN Code 51071020?

Every entity transacting in Yarn Of Combed Wool, Not Put Up For Retail Sale Containing 85 Percent Or More By Weight Of Wool : Worsted Knitted Yarn must quote HSN Code 51071020 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

Starting a business involving Yarn Of Combed Wool, Not Put Up For Retail Sale Containing 85 Percent Or More By Weight Of Wool : Worsted Knitted Yarn? GST registration is mandatory for collecting and remitting taxes on HSN 51071020 goods. Companies planning international trade within Wool, Fine Or Coarse Animal H must obtain an Import Export Code. Exporters need AD Code registration for receiving foreign payments. New entrepreneurs should complete company registration before pursuing trade-specific approvals.

Why Correct Classification Matters

Accurate application of HSN Code 51071020 for Yarn Of Combed Wool, Not Put Up For Retail Sale Containing 85 Percent Or More By Weight Of Wool : Worsted Knitted Yarn enables legitimate input tax credit claims and prevents assessment disputes. Businesses under Chapter 51 – Wool, Fine Or Coarse Animal H should monitor rate updates (2.50%, 2.50%, 5.00%) through official notifications to maintain seamless compliance.

Frequently Asked Questions (FAQs)

How many digits of HSN Code 51071020 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 51071020 for accurate classification of Yarn Of Combed Wool, Not Put Up For Retail Sale Containing 85 Percent Or More By Weight Of Wool : Worsted Knitted 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 Knitted 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 Knitted Yarn purchases made under HSN 51071020. 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 51071020?

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