Chapter 51 of the GST framework covers Wool, Fine Or Coarse Animal H, and HSN Code 51071030 specifically identifies Yarn Of Combed Wool, Not Put Up For Retail Sale Containing 85 Percent Or More By Weight Of Wool : Worsted Weaving Yarn for taxation purposes. This classification is mandatory for all businesses engaged in the supply of Yarn Of Combed Wool, Not Put Up For Retail Sale Containing 85 Percent Or More By Weight Of Wool : Worsted Weaving 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 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 51071030
The tax structure for Yarn Of Combed Wool, Not Put Up For Retail Sale Containing 85 Percent Or More By Weight Of Wool : Worsted Weaving Yarn under HSN Code 51071030 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 51071030?
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 Weaving Yarn are required to mention HSN 51071030 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
Looking to deal in Yarn Of Combed Wool, Not Put Up For Retail Sale Containing 85 Percent Or More By Weight Of Wool : Worsted Weaving Yarn? GST registration is your first compliance requirement for HSN 51071030 goods. International traders in Wool, Fine Or Coarse Animal H products must obtain an Import Export Code. AD Code registration facilitates export payment processing. Company registration should precede all other business approvals.
Why Correct Classification Matters
Proper use of HSN Code 51071030 for Yarn Of Combed Wool, Not Put Up For Retail Sale Containing 85 Percent Or More By Weight Of Wool : Worsted Weaving 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)
Official GST rates for Yarn Of Combed Wool, Not Put Up For Retail Sale Containing 85 Percent Or More By Weight Of Wool : Worsted Weaving Yarn under HSN 51071030 are published in government notifications and the CBIC website. Current rates are CGST 2.50%, SGST/UTGST 2.50%, and IGST 5.00%.
Yes, online marketplaces and e-commerce operators selling Yarn Of Combed Wool, Not Put Up For Retail Sale Containing 85 Percent Or More By Weight Of Wool : Worsted Weaving Yarn must mention HSN Code 51071030 on invoices. This Wool, Fine Or Coarse Animal H classification applies to all sales channels under Chapter 51.
For company registration, you need identity proof, address proof, and registered office documents. Once registered, apply for GST registration to start trading in Yarn Of Combed Wool, Not Put Up For Retail Sale Containing 85 Percent Or More By Weight Of Wool : Worsted Weaving Yarn under HSN 51071030.
GST rates for Yarn Of Combed Wool, Not Put Up For Retail Sale Containing 85 Percent Or More By Weight Of Wool : Worsted Weaving Yarn and other Wool, Fine Or Coarse Animal H products under Chapter 51 may change through GST Council recommendations. Monitor official notifications to stay updated on 2.50%, 2.50%, and 5.00% revisions.