Under the GST regime, HSN Code 51072010 classifies Yarn Of Combed Wool, Not Put Up For Retail Sale Containing Less Than 85 Percent By Weight Of Wool : Worsted Hosiery 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 Less Than 85 Percent By Weight Of Wool : Worsted Hosiery 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 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 51072010
For Yarn Of Combed Wool, Not Put Up For Retail Sale Containing Less Than 85 Percent By Weight Of Wool : Worsted Hosiery Yarn classified under HSN Code 51072010, tax computation follows GST principles. CGST at 2.50% plus SGST/UTGST at 2.50% covers intrastate sales. IGST at 5.00% applies to interstate transactions. kg. is the prescribed measurement for Wool, Fine Or Coarse Animal H under Chapter 51.
Who Should Use HSN Code 51072010?
Manufacturers, wholesalers, retailers, and exporters dealing in Yarn Of Combed Wool, Not Put Up For Retail Sale Containing Less Than 85 Percent By Weight Of Wool : Worsted Hosiery Yarn are required to mention HSN 51072010 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
Commencing trade in Yarn Of Combed Wool, Not Put Up For Retail Sale Containing Less Than 85 Percent By Weight Of Wool : Worsted Hosiery Yarn? Secure GST registration to handle taxes on HSN 51072010 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 51072010 for Yarn Of Combed Wool, Not Put Up For Retail Sale Containing Less Than 85 Percent By Weight Of Wool : Worsted Hosiery 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)
HSN Code 51072010 is used to classify Yarn Of Combed Wool, Not Put Up For Retail Sale Containing Less Than 85 Percent By Weight Of Wool : Worsted Hosiery 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.
For Yarn Of Combed Wool, Not Put Up For Retail Sale Containing Less Than 85 Percent By Weight Of Wool : Worsted Hosiery Yarn, CGST applies at 2.50% and SGST/UTGST at 2.50% for intrastate supplies. Interstate transactions are taxed under IGST at 5.00%.
Yes, GST registration is mandatory for businesses dealing in Yarn Of Combed Wool, Not Put Up For Retail Sale Containing Less Than 85 Percent By Weight Of Wool : Worsted Hosiery Yarn under HSN 51072010. This enables you to legally collect taxes and claim input credits on purchases.
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.