What is the GST rate for HSN code 51072020?

The GST rate applicable to HSN 51072020 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 51072020 follows this same structure.

What is the structure of HSN code 51072020?

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 51072020 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, :- 51072020

Q: What is HSN code 51072020?

HSN code 51072020 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

51072020

Harmonized System of Nomenclature

Chapter: 51
Heading: 5107
Sub-heading: 510720
Type: Tariff item (8-digit)
Classification: HSN (GST)

Chapter 51 of the GST framework covers Wool, Fine Or Coarse Animal H, and HSN Code 51072020 specifically identifies Yarn Of Combed Wool, Not Put Up For Retail Sale Containing Less Than 85 Percent By Weight Of Wool : Worsted Knitted 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 Less Than 85 Percent By Weight Of Wool : Worsted Knitted 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 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 51072020

Goods classified as Yarn Of Combed Wool, Not Put Up For Retail Sale Containing Less Than 85 Percent By Weight Of Wool : Worsted Knitted Yarn under HSN 51072020 are taxed based on transaction type. Local sales attract CGST at 2.50% plus SGST/UTGST at 2.50%. For supplies crossing state boundaries, IGST at 5.00% applies. Documentation must reflect kg. as the measurement standard for Chapter 51 – Wool, Fine Or Coarse Animal H products.

Who Should Use HSN Code 51072020?

All businesses supplying Yarn Of Combed Wool, Not Put Up For Retail Sale Containing Less Than 85 Percent By Weight Of Wool : Worsted Knitted Yarn are obligated to use HSN 51072020 on tax invoices. From producers to retailers within Wool, Fine Or Coarse Animal H, Chapter 51 classification ensures uniform tax treatment. This requirement applies regardless of turnover or business model.

Business Registration Requirements

Looking to deal in Yarn Of Combed Wool, Not Put Up For Retail Sale Containing Less Than 85 Percent By Weight Of Wool : Worsted Knitted Yarn? GST registration is your first compliance requirement for HSN 51072020 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

Accurate HSN Code 51072020 usage for Yarn Of Combed Wool, Not Put Up For Retail Sale Containing Less Than 85 Percent By Weight Of Wool : Worsted Knitted Yarn simplifies reconciliation and protects against penalties. Keep current with 2.50%, 2.50%, and 5.00% updates for Chapter 51 – Wool, Fine Or Coarse Animal H to ensure ongoing compliance.

Frequently Asked Questions (FAQs)

What is HSN Code 51072020 used for?

HSN Code 51072020 is used to classify Yarn Of Combed Wool, Not Put Up For Retail Sale Containing Less Than 85 Percent By Weight Of Wool : Worsted Knitted 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 51072020?

For Yarn Of Combed Wool, Not Put Up For Retail Sale Containing Less Than 85 Percent By Weight Of Wool : Worsted Knitted 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 Less Than 85 Percent By Weight Of Wool : Worsted Knitted Yarn?

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 Knitted Yarn under HSN 51072020. 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 Less Than 85 Percent By Weight Of Wool : Worsted Knitted 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.