52112040 is the designated HSN classification for Bleached Saree, categorized under Chapter 52 – Cotton in the GST tariff structure. Businesses involved in trading, manufacturing, or importing Bleached Saree 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 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 52112040

Goods classified as Bleached Saree under HSN 52112040 are taxed based on transaction type. Local sales attract CGST at 2.50% plus SGST/UTGST at 2.50%. For supplies crossing state boundaries, IGST at 5.00% applies. Documentation must reflect m2 as the measurement standard for Chapter 52 – Cotton products.

Who Should Use HSN Code 52112040?

Traders, manufacturers, and importers of Bleached Saree are required to mention HSN Code 52112040 on all GST documents. This Cotton classification under Chapter 52 is mandatory for compliance across all business formats including online sellers.

Business Registration Requirements

Entering the Bleached Saree market requires essential registrations. GST registration enables legal tax collection on HSN 52112040 goods. For cross-border trade in Cotton 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 HSN Code 52112040 usage for Bleached Saree simplifies reconciliation and protects against penalties. Keep current with 2.50%, 2.50%, and 5.00% updates for Chapter 52 – Cotton to ensure ongoing compliance.

Frequently Asked Questions (FAQs)

What is HSN Code 52112040 used for?

HSN Code 52112040 is used to classify Bleached Saree under Chapter 52 – Cotton 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 52112040?

For Bleached Saree, 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 Bleached Saree?

Yes, GST registration is mandatory for businesses dealing in Bleached Saree under HSN 52112040. This enables you to legally collect taxes and claim input credits on purchases.

What registrations are required for importing Bleached Saree?

For importing goods under Cotton, you need GST registration along with an Import Export Code. Exporters should also obtain AD Code registration for processing international payments.

More HSN codes from Chapter 52

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