What is the GST rate for HSN code 51071040?

The GST rate applicable to HSN 51071040 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 51071040 follows this same structure.

What is the structure of HSN code 51071040?

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 51071040 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, :- 51071040

Q: What is HSN code 51071040?

HSN code 51071040 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.

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HSN Code

51071040

Harmonized System of Nomenclature

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

HSN Code 51071040 provides the tax classification for Yarn Of Combed Wool, Not Put Up For Retail Sale Containing 85 Percent Or More By Weight Of Wool : Woollen Carpet 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 : Woollen Carpet 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 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 51071040

The taxation of Yarn Of Combed Wool, Not Put Up For Retail Sale Containing 85 Percent Or More By Weight Of Wool : Woollen Carpet Yarn under HSN Code 51071040 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 kg. for Wool, Fine Or Coarse Animal H goods under Chapter 51.

Who Should Use HSN Code 51071040?

Every entity transacting in Yarn Of Combed Wool, Not Put Up For Retail Sale Containing 85 Percent Or More By Weight Of Wool : Woollen Carpet Yarn must quote HSN Code 51071040 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

Looking to deal in Yarn Of Combed Wool, Not Put Up For Retail Sale Containing 85 Percent Or More By Weight Of Wool : Woollen Carpet Yarn? GST registration is your first compliance requirement for HSN 51071040 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

Using HSN Code 51071040 accurately for Yarn Of Combed Wool, Not Put Up For Retail Sale Containing 85 Percent Or More By Weight Of Wool : Woollen Carpet Yarn avoids compliance issues and facilitates credit claims. Monitor changes to 2.50%, 2.50%, and 5.00% rates for Chapter 51 – Wool, Fine Or Coarse Animal H to maintain accurate filings and smooth business operations.

Frequently Asked Questions (FAQs)

What is HSN Code 51071040 used for?

HSN Code 51071040 is used to classify Yarn Of Combed Wool, Not Put Up For Retail Sale Containing 85 Percent Or More By Weight Of Wool : Woollen Carpet Yarn under Chapter 51 – Wool, Fine Or Coarse Animal H for GST purposes. Businesses must mention this code on invoices to ensure correct tax calculation and compliance.

What are the GST rates applicable on HSN 51071040?

For Yarn Of Combed Wool, Not Put Up For Retail Sale Containing 85 Percent Or More By Weight Of Wool : Woollen Carpet Yarn, CGST applies at 2.50% and SGST/UTGST at 2.50% for intrastate supplies. Interstate transactions are taxed under IGST at 5.00%.

Do I need GST registration to trade in Yarn Of Combed Wool, Not Put Up For Retail Sale Containing 85 Percent Or More By Weight Of Wool : Woollen Carpet Yarn?

Yes, GST registration is mandatory for businesses dealing in Yarn Of Combed Wool, Not Put Up For Retail Sale Containing 85 Percent Or More By Weight Of Wool : Woollen Carpet Yarn under HSN 51071040. This enables you to legally collect taxes and claim input credits on purchases.

What registrations are required for importing Yarn Of Combed Wool, Not Put Up For Retail Sale Containing 85 Percent Or More By Weight Of Wool : Woollen Carpet Yarn?

For importing goods under Wool, Fine Or Coarse Animal H, you need GST registration along with an Import Export Code. Exporters should also obtain AD Code registration for processing international payments.