Under the GST regime, HSN Code 52095111 classifies Lungis Of Handloom within Chapter 52 – Cotton. This code is essential for businesses to correctly calculate and remit taxes on Lungis Of Handloom. 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 m2.

HSN Codes under Chapter 52 – Cotton

Below are related HSN codes from Chapter 52 – Cotton for your reference:

Chapter HSN Code Description CGST SGST/UTGST IGST
Cotton... 52010011 Cotton, Not Carded Or Combed Cotton, Not Carded Or... 2.50% 2.50% 5.00%
Cotton... 52010012 Cotton, Not Carded Or Combed Cotton, Not Carded Or... 2.50% 2.50% 5.00%
Cotton... 52010013 Cotton, Not Carded Or Combed Cotton, Not Carded Or... 2.50% 2.50% 5.00%
Cotton... 52010014 Cotton, Not Carded Or Combed Cotton, Not Carded Or... 2.50% 2.50% 5.00%
Cotton... 52010015 Cotton, Not Carded Or Combed Cotton, Not Carded Or... 2.50% 2.50% 5.00%
Cotton... 52010019 Cotton, Not Carded Or Combed Cotton, Not Carded Or... 2.50% 2.50% 5.00%
Cotton... 52010020 Cotton, Not Carded Or Combed Cotton, Not Carded Or... 2.50% 2.50% 5.00%
Cotton... 52010021 Cotton, Not Carded Or Combed - Cotton, Not Carded ... 2.50% 2.50% 5.00%
Cotton... 52010022 Cotton, Not Carded Or Combed - Cotton, Not Carded ... 2.50% 2.50% 5.00%
Cotton... 52010023 Cotton, Not Carded Or Combed - Cotton, Not Carded ... 2.50% 2.50% 5.00%

GST Rates for HSN 52095111

For Lungis Of Handloom classified under HSN Code 52095111, 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. m2 is the prescribed measurement for Cotton under Chapter 52.

Who Should Use HSN Code 52095111?

Traders, manufacturers, and importers of Lungis Of Handloom are required to mention HSN Code 52095111 on all GST documents. This Cotton classification under Chapter 52 is mandatory for compliance across all business formats including online sellers.

Business Registration Requirements

Commencing trade in Lungis Of Handloom? Secure GST registration to handle taxes on HSN 52095111 classified goods. Businesses with international operations in Cotton need an Import Export Code. Exporters require AD Code registration for foreign currency receipts. Start with company registration to formalize your business structure.

Why Correct Classification Matters

Accurate application of HSN Code 52095111 for Lungis Of Handloom enables legitimate input tax credit claims and prevents assessment disputes. Businesses under Chapter 52 – Cotton should monitor rate updates (2.50%, 2.50%, 5.00%) through official notifications to maintain seamless compliance.

Frequently Asked Questions (FAQs)

Where can I find the official GST rate for HSN 52095111?

Official GST rates for Lungis Of Handloom under HSN 52095111 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 52095111?

Yes, online marketplaces and e-commerce operators selling Lungis Of Handloom must mention HSN Code 52095111 on invoices. This Cotton classification applies to all sales channels under Chapter 52.

What documents are needed for company registration to trade in Lungis Of Handloom?

For company registration, you need identity proof, address proof, and registered office documents. Once registered, apply for GST registration to start trading in Lungis Of Handloom under HSN 52095111.

How often do GST rates change for Cotton products?

GST rates for Lungis Of Handloom and other Cotton products under Chapter 52 may change through GST Council recommendations. Monitor official notifications to stay updated on 2.50%, 2.50%, and 5.00% revisions.

More HSN codes from Chapter 52

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