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HSN Code & GST Rates for Woven Fabrics Of Combed :- 51123020

51123020 is the designated HSN classification for Woven Fabrics Of Combed Wool Or Of Combed Fine Animal Hair Other, Mixed Mainly Or Solely With Man-Made Staple Fibres : Bleached, categorized under Chapter 51 – Wool, Fine Or Coarse Animal H in the GST tariff structure. Businesses involved in trading, manufacturing, or importing Woven Fabrics Of Combed Wool Or Of Combed Fine Animal Hair Other, Mixed Mainly Or Solely With Man-Made Staple Fibres : Bleached 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 m2 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 51123020

The tax structure for Woven Fabrics Of Combed Wool Or Of Combed Fine Animal Hair Other, Mixed Mainly Or Solely With Man-Made Staple Fibres : Bleached under HSN Code 51123020 follows a dual taxation model. CGST is levied at 2.50% and SGST/UTGST at 2.50% for intrastate sales. Interstate transactions attract IGST at 5.00%. All invoices must record quantities in m2 as the standard measurement for goods under Chapter 51 – Wool, Fine Or Coarse Animal H.

Who Should Use HSN Code 51123020?

Every entity transacting in Woven Fabrics Of Combed Wool Or Of Combed Fine Animal Hair Other, Mixed Mainly Or Solely With Man-Made Staple Fibres : Bleached must quote HSN Code 51123020 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

Planning to trade in Woven Fabrics Of Combed Wool Or Of Combed Fine Animal Hair Other, Mixed Mainly Or Solely With Man-Made Staple Fibres : Bleached? Complete GST registration to legally collect taxes on goods under HSN 51123020. Businesses importing or exporting Wool, Fine Or Coarse Animal H products require an Import Export Code. AD Code registration is essential for exporters to process international payments. Entrepreneurs should secure company registration as the foundational step.

Why Correct Classification Matters

Accurate HSN Code 51123020 usage for Woven Fabrics Of Combed Wool Or Of Combed Fine Animal Hair Other, Mixed Mainly Or Solely With Man-Made Staple Fibres : Bleached 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 the unit of measurement for HSN 51123020?

The standard unit of measurement for Woven Fabrics Of Combed Wool Or Of Combed Fine Animal Hair Other, Mixed Mainly Or Solely With Man-Made Staple Fibres : Bleached under HSN Code 51123020 is m2. All invoices and GST returns must reflect quantities using this measurement standard.

Is HSN Code 51123020 mandatory for small businesses?

Yes, businesses dealing in Woven Fabrics Of Combed Wool Or Of Combed Fine Animal Hair Other, Mixed Mainly Or Solely With Man-Made Staple Fibres : Bleached must use HSN 51123020 on invoices regardless of their size. The number of digits required may vary based on turnover thresholds set by GST rules.

What happens if I use wrong HSN code for Woven Fabrics Of Combed Wool Or Of Combed Fine Animal Hair Other, Mixed Mainly Or Solely With Man-Made Staple Fibres : Bleached?

Using incorrect classification can result in wrong tax calculation, rejected input credits, and penalties during assessment. Always verify HSN 51123020 for Wool, Fine Or Coarse Animal H goods before invoicing.

Do I need AD Code registration for exporting Woven Fabrics Of Combed Wool Or Of Combed Fine Animal Hair Other, Mixed Mainly Or Solely With Man-Made Staple Fibres : Bleached?

Yes, AD Code registration is required for exporters dealing in Woven Fabrics Of Combed Wool Or Of Combed Fine Animal Hair Other, Mixed Mainly Or Solely With Man-Made Staple Fibres : Bleached under Wool, Fine Or Coarse Animal H. This registration links your bank account to process foreign currency payments from overseas buyers.

More HSN codes from Chapter 51

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