What is HSN code 51072030?

HSN code 51072030 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 51072030?

The GST rate applicable to HSN 51072030 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 51072030 follows this same structure.

What is the structure of HSN code 51072030?

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 51072030 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, :- 51072030

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HSN Code

51072030

Harmonized System of Nomenclature

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

Under the GST regime, HSN Code 51072030 classifies Yarn Of Combed Wool, Not Put Up For Retail Sale Containing Less Than 85 Percent By Weight Of Wool : Worsted Weaving 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 Weaving 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 51072030

The taxation of Yarn Of Combed Wool, Not Put Up For Retail Sale Containing Less Than 85 Percent By Weight Of Wool : Worsted Weaving Yarn under HSN Code 51072030 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 51072030?

Every entity transacting in Yarn Of Combed Wool, Not Put Up For Retail Sale Containing Less Than 85 Percent By Weight Of Wool : Worsted Weaving Yarn must quote HSN Code 51072030 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 Less Than 85 Percent By Weight Of Wool : Worsted Weaving Yarn? GST registration is your first compliance requirement for HSN 51072030 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

Correct HSN Code 51072030 application for Yarn Of Combed Wool, Not Put Up For Retail Sale Containing Less Than 85 Percent By Weight Of Wool : Worsted Weaving Yarn ensures smooth input credit utilization and assessment processes. Track 2.50%, 2.50%, and 5.00% rate changes for Chapter 51 – Wool, Fine Or Coarse Animal H through official notifications for continuous compliance.

Frequently Asked Questions (FAQs)

Where can I find the official GST rate for HSN 51072030?

Official GST rates for Yarn Of Combed Wool, Not Put Up For Retail Sale Containing Less Than 85 Percent By Weight Of Wool : Worsted Weaving Yarn under HSN 51072030 are published in government notifications and the CBIC website. Current rates are CGST 2.50%, SGST/UTGST 2.50%, and IGST 5.00%.

Do online marketplaces need to mention HSN 51072030?

Yes, online marketplaces and e-commerce operators selling Yarn Of Combed Wool, Not Put Up For Retail Sale Containing Less Than 85 Percent By Weight Of Wool : Worsted Weaving Yarn must mention HSN Code 51072030 on invoices. This Wool, Fine Or Coarse Animal H classification applies to all sales channels under Chapter 51.

What documents are needed for company registration to trade in Yarn Of Combed Wool, Not Put Up For Retail Sale Containing Less Than 85 Percent By Weight Of Wool : Worsted Weaving Yarn?

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 Less Than 85 Percent By Weight Of Wool : Worsted Weaving Yarn under HSN 51072030.

How often do GST rates change for Wool, Fine Or Coarse Animal H products?

GST rates for Yarn Of Combed Wool, Not Put Up For Retail Sale Containing Less Than 85 Percent 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.