Under the GST regime, HSN Code 53050030 classifies Curled Or Machine Twisted Coir Fibre within Chapter 53 – Other Vegetable Textile Fibre. This code is essential for businesses to correctly calculate and remit taxes on Curled Or Machine Twisted Coir Fibre. The applicable rates are CGST at 0.00%, SGST/UTGST at 0.00% for within-state sales, and IGST at 0.00% for interstate supplies. Goods are quantified using 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 53050030
For Curled Or Machine Twisted Coir Fibre classified under HSN Code 53050030, tax computation follows GST principles. CGST at 0.00% plus SGST/UTGST at 0.00% covers intrastate sales. IGST at 0.00% applies to interstate transactions. kg. is the prescribed measurement for Other Vegetable Textile Fibre under Chapter 53.
Who Should Use HSN Code 53050030?
Every entity transacting in Curled Or Machine Twisted Coir Fibre must quote HSN Code 53050030 on invoices. This includes traders, distributors, and e-commerce sellers operating under Other Vegetable Textile Fibre. Chapter 53 mandates this classification for accurate tax computation across the supply chain.
Business Registration Requirements
Starting a business involving Curled Or Machine Twisted Coir Fibre? GST registration is mandatory for collecting and remitting taxes on HSN 53050030 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
Accurate application of HSN Code 53050030 for Curled Or Machine Twisted Coir Fibre enables legitimate input tax credit claims and prevents assessment disputes. Businesses under Chapter 53 – Other Vegetable Textile Fibre should monitor rate updates (0.00%, 0.00%, 0.00%) through official notifications to maintain seamless compliance.
Frequently Asked Questions (FAQs)
What is HSN Code 53050030 used for?
HSN Code 53050030 is used to classify Curled Or Machine Twisted Coir Fibre under Chapter 53 – Other Vegetable Textile Fibre 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 53050030?
For Curled Or Machine Twisted Coir Fibre, CGST applies at 0.00% and SGST/UTGST at 0.00% for intrastate supplies. Interstate transactions are taxed under IGST at 0.00%.
Do I need GST registration to trade in Curled Or Machine Twisted Coir Fibre?
Yes, GST registration is mandatory for businesses dealing in Curled Or Machine Twisted Coir Fibre under HSN 53050030. This enables you to legally collect taxes and claim input credits on purchases.
What registrations are required for importing Curled Or Machine Twisted Coir Fibre?
For importing goods under Other Vegetable Textile Fibre, you need GST registration along with an Import Export Code. Exporters should also obtain AD Code registration for processing international payments.