What is the GST rate for HSN code 51123040?

The GST rate applicable to HSN 51123040 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 51123040 follows this same structure.

What is the structure of HSN code 51123040?

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 51123040 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 Woven Fabrics Of Combed :- 51123040

Q: What is HSN code 51123040?

HSN code 51123040 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

51123040

Harmonized System of Nomenclature

Chapter: 51
Heading: 5112
Sub-heading: 511230
Type: Tariff item (8-digit)
Classification: HSN (GST)

HSN Code 51123040 provides the tax classification for Woven Fabrics Of Combed Wool Or Of Combed Fine Animal Hair Other, Mixed Mainly Or Solely With Man-Made Staple Fibres : Printed under Chapter 51 – Wool, Fine Or Coarse Animal H of the GST tariff. Businesses dealing in Woven Fabrics Of Combed Wool Or Of Combed Fine Animal Hair Other, Mixed Mainly Or Solely With Man-Made Staple Fibres : Printed must use this code for proper invoicing and return filing. Applicable taxes include CGST at 2.50%, SGST/UTGST at 2.50%, and IGST at 5.00%. The recognized unit of measurement is m2.

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 51123040

Tax liability for Woven Fabrics Of Combed Wool Or Of Combed Fine Animal Hair Other, Mixed Mainly Or Solely With Man-Made Staple Fibres : Printed under HSN 51123040 varies by transaction geography. CGST at 2.50% combined with SGST/UTGST at 2.50% applies to local sales. Interstate movement attracts IGST at 5.00%. All billing for Chapter 51 – Wool, Fine Or Coarse Animal H products must use m2.

Who Should Use HSN Code 51123040?

Manufacturers, wholesalers, retailers, and exporters dealing in Woven Fabrics Of Combed Wool Or Of Combed Fine Animal Hair Other, Mixed Mainly Or Solely With Man-Made Staple Fibres : Printed are required to mention HSN 51123040 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 Woven Fabrics Of Combed Wool Or Of Combed Fine Animal Hair Other, Mixed Mainly Or Solely With Man-Made Staple Fibres : Printed market requires essential registrations. GST registration enables legal tax collection on HSN 51123040 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

Using HSN Code 51123040 accurately for Woven Fabrics Of Combed Wool Or Of Combed Fine Animal Hair Other, Mixed Mainly Or Solely With Man-Made Staple Fibres : Printed avoids compliance issues and facilitates credit claims. Monitor changes to 2.50%, 2.50%, and 5.00% rates for Chapter 51 – Wool, Fine Or Coarse Animal H to maintain accurate filings and smooth business operations.

Frequently Asked Questions (FAQs)

What is HSN Code 51123040 used for?

HSN Code 51123040 is used to classify Woven Fabrics Of Combed Wool Or Of Combed Fine Animal Hair Other, Mixed Mainly Or Solely With Man-Made Staple Fibres : Printed 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 51123040?

For Woven Fabrics Of Combed Wool Or Of Combed Fine Animal Hair Other, Mixed Mainly Or Solely With Man-Made Staple Fibres : Printed, 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 Woven Fabrics Of Combed Wool Or Of Combed Fine Animal Hair Other, Mixed Mainly Or Solely With Man-Made Staple Fibres : Printed?

Yes, GST registration is mandatory for businesses dealing in Woven Fabrics Of Combed Wool Or Of Combed Fine Animal Hair Other, Mixed Mainly Or Solely With Man-Made Staple Fibres : Printed under HSN 51123040. This enables you to legally collect taxes and claim input credits on purchases.

What registrations are required for importing Woven Fabrics Of Combed Wool Or Of Combed Fine Animal Hair Other, Mixed Mainly Or Solely With Man-Made Staple Fibres : Printed?

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.