53050040 is the designated HSN classification for Coir Pith, categorized under Chapter 53 – Other Vegetable Textile Fibre in the GST tariff structure. Businesses involved in trading, manufacturing, or importing Coir Pith must apply this code correctly on invoices and tax returns. The applicable tax rates include CGST at 0.00%, SGST/UTGST at 0.00% for local transactions, and IGST at 0.00% for interstate supplies. Quantities are measured in kg. for billing purposes.
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 53050040
The taxation of Coir Pith under HSN Code 53050040 depends on supply location. Intrastate transactions require CGST at 0.00% and SGST/UTGST at 0.00%. Interstate supplies are charged IGST at 0.00%. Invoices should consistently use kg. for Other Vegetable Textile Fibre goods under Chapter 53.
Who Should Use HSN Code 53050040?
Traders, manufacturers, and importers of Coir Pith are required to mention HSN Code 53050040 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
Commencing trade in Coir Pith? Secure GST registration to handle taxes on HSN 53050040 classified goods. Businesses with international operations in Other Vegetable Textile Fibre 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
Proper use of HSN Code 53050040 for Coir Pith streamlines audit processes and supports valid credit claims. Stay updated on 0.00%, 0.00%, and 0.00% rates for Chapter 53 – Other Vegetable Textile Fibre through government circulars to ensure uninterrupted compliance.
Frequently Asked Questions (FAQs)
What is the unit of measurement for HSN 53050040?
The standard unit of measurement for Coir Pith under HSN Code 53050040 is kg.. All invoices and GST returns must reflect quantities using this measurement standard.
Is HSN Code 53050040 mandatory for small businesses?
Yes, businesses dealing in Coir Pith must use HSN 53050040 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 Coir Pith?
Using incorrect classification can result in wrong tax calculation, rejected input credits, and penalties during assessment. Always verify HSN 53050040 for Other Vegetable Textile Fibre goods before invoicing.
Do I need AD Code registration for exporting Coir Pith?
Yes, AD Code registration is required for exporters dealing in Coir Pith under Other Vegetable Textile Fibre. This registration links your bank account to process foreign currency payments from overseas buyers.