What is the GST rate for HSN code 51072040?

The GST rate applicable to HSN 51072040 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 51072040 follows this same structure.

What is the structure of HSN code 51072040?

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 51072040 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, :- 51072040

Q: What is HSN code 51072040?

HSN code 51072040 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

51072040

Harmonized System of Nomenclature

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

51072040 is the designated HSN classification for Yarn Of Combed Wool, Not Put Up For Retail Sale Containing Less Than 85 Percent By Weight Of Wool : Woollen Carpet Yarn, categorized under Chapter 51 – Wool, Fine Or Coarse Animal H in the GST tariff structure. Businesses involved in trading, manufacturing, or importing Yarn Of Combed Wool, Not Put Up For Retail Sale Containing Less Than 85 Percent By Weight Of Wool : Woollen Carpet Yarn must apply this code correctly on invoices and tax returns. The applicable tax rates include CGST at 2.50%, SGST/UTGST at 2.50% for local transactions, and IGST at 5.00% for interstate supplies. Quantities are measured in kg. for billing purposes.

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 51072040

For Yarn Of Combed Wool, Not Put Up For Retail Sale Containing Less Than 85 Percent By Weight Of Wool : Woollen Carpet Yarn classified under HSN Code 51072040, 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 51072040?

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 : Woollen Carpet Yarn are required to mention HSN 51072040 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

Entering the Yarn Of Combed Wool, Not Put Up For Retail Sale Containing Less Than 85 Percent By Weight Of Wool : Woollen Carpet Yarn market requires essential registrations. GST registration enables legal tax collection on HSN 51072040 goods. For cross-border trade in Wool, Fine Or Coarse Animal H items, secure an Import Export Code. Exporters additionally need AD Code registration for bank processing. Begin with company registration to establish your business entity.

Why Correct Classification Matters

Accurate application of HSN Code 51072040 for Yarn Of Combed Wool, Not Put Up For Retail Sale Containing Less Than 85 Percent By Weight Of Wool : Woollen Carpet Yarn enables legitimate input tax credit claims and prevents assessment disputes. Businesses under Chapter 51 – Wool, Fine Or Coarse Animal H should monitor rate updates (2.50%, 2.50%, 5.00%) through official notifications to maintain seamless compliance.

Frequently Asked Questions (FAQs)

What is HSN Code 51072040 used for?

HSN Code 51072040 is used to classify Yarn Of Combed Wool, Not Put Up For Retail Sale Containing Less Than 85 Percent 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 51072040?

For Yarn Of Combed Wool, Not Put Up For Retail Sale Containing Less Than 85 Percent 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 Less Than 85 Percent 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 Less Than 85 Percent By Weight Of Wool : Woollen Carpet Yarn under HSN 51072040. 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 : 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.