HSN Code 53050010 provides the tax classification for Coconut ,Abaca,Ramie And Other Vegetable Textile Fibres,Not under Chapter 53 – Other Vegetable Textile Fibre of the GST tariff. Businesses dealing in Coconut ,Abaca,Ramie And Other Vegetable Textile Fibres,Not must use this code for proper invoicing and return filing. Applicable taxes include CGST at 0.00%, SGST/UTGST at 0.00%, and IGST at 0.00%. The recognized unit of measurement is kg..
HSN Codes under Chapter 53 – Other Vegetable Textile Fibre
Below are related HSN codes from Chapter 53 – Other Vegetable Textile Fibre for your reference:
| Chapter | HSN Code | Description | CGST | SGST/UTGST | IGST |
|---|---|---|---|---|---|
| Other Vegetable Textile Fibre... | 53011000 | Flax, Raw Or Processed But Not Spun; Flax Tow And ... | 0.025 | 0.025 | 0.05 |
| Other Vegetable Textile Fibre... | 53012100 | Flax, Raw Or Processed But Not Spun; Flax Tow And ... | 0.025 | 0.025 | 0.05 |
| Other Vegetable Textile Fibre... | 53012900 | Flax, Raw Or Processed But Not Spun; Flax Tow And ... | 0.025 | 0.025 | 0.05 |
| Other Vegetable Textile Fibre... | 53013000 | Flax, Raw Or Processed But Not Spun; Flax Tow And ... | 0.025 | 0.025 | 0.05 |
| Other Vegetable Textile Fibre... | 53021000 | True Hemp (Cannabis Sativa L ), Raw Or Processed B... | 0.025 | 0.025 | 0.05 |
| Other Vegetable Textile Fibre... | 53029000 | True Hemp (Cannabis Sativa L ), Raw Or Processed B... | 0.025 | 0.025 | 0.05 |
| Other Vegetable Textile Fibre... | 53031010 | Jute And Other Textile Bast Fibres (Excluding Flax... | 2.50% | 2.50% | 5.00% |
| Other Vegetable Textile Fibre... | 53031090 | Jute And Other Textile Bast Fibres (Excluding Flax... | 0 | 0 | 0 |
| Other Vegetable Textile Fibre... | 53039010 | Jute And Other Textile Bast Fibres (Excluding Flax... | 0.00% | 0.00% | 0.00% |
| Other Vegetable Textile Fibre... | 53039090 | Jute And Other Textile Bast Fibres (Excluding Flax... | 0 | 0 | 0 |
GST Rates for HSN 53050010
Tax liability for Coconut ,Abaca,Ramie And Other Vegetable Textile Fibres,Not under HSN 53050010 varies by transaction geography. CGST at 0.00% combined with SGST/UTGST at 0.00% applies to local sales. Interstate movement attracts IGST at 0.00%. All billing for Chapter 53 – Other Vegetable Textile Fibre products must use kg..
Who Should Use HSN Code 53050010?
Traders, manufacturers, and importers of Coconut ,Abaca,Ramie And Other Vegetable Textile Fibres,Not are required to mention HSN Code 53050010 on all GST documents. This Other Vegetable Textile Fibre classification under Chapter 53 is mandatory for compliance across all business formats including online sellers.
Business Registration Requirements
Starting a business involving Coconut ,Abaca,Ramie And Other Vegetable Textile Fibres,Not? GST registration is mandatory for collecting and remitting taxes on HSN 53050010 goods. Companies planning international trade within Other Vegetable Textile Fibre must obtain an Import Export Code. Exporters need AD Code registration for receiving foreign payments. New entrepreneurs should complete company registration before pursuing trade-specific approvals.
Why Correct Classification Matters
Correct HSN Code 53050010 application for Coconut ,Abaca,Ramie And Other Vegetable Textile Fibres,Not ensures smooth input credit utilization and assessment processes. Track 0.00%, 0.00%, and 0.00% rate changes for Chapter 53 – Other Vegetable Textile Fibre through official notifications for continuous compliance.
Frequently Asked Questions (FAQs)
What is the unit of measurement for HSN 53050010?
The standard unit of measurement for Coconut ,Abaca,Ramie And Other Vegetable Textile Fibres,Not under HSN Code 53050010 is kg.. All invoices and GST returns must reflect quantities using this measurement standard.
Is HSN Code 53050010 mandatory for small businesses?
Yes, businesses dealing in Coconut ,Abaca,Ramie And Other Vegetable Textile Fibres,Not must use HSN 53050010 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 Coconut ,Abaca,Ramie And Other Vegetable Textile Fibres,Not?
Using incorrect classification can result in wrong tax calculation, rejected input credits, and penalties during assessment. Always verify HSN 53050010 for Other Vegetable Textile Fibre goods before invoicing.
Do I need AD Code registration for exporting Coconut ,Abaca,Ramie And Other Vegetable Textile Fibres,Not?
Yes, AD Code registration is required for exporters dealing in Coconut ,Abaca,Ramie And Other Vegetable Textile Fibres,Not under Other Vegetable Textile Fibre. This registration links your bank account to process foreign currency payments from overseas buyers.