53050050 is the designated HSN classification for Vegetable Textile Fires - Of Abaca, categorized under Chapter 53 – Other Vegetable Textile Fibre in the GST tariff structure. Businesses involved in trading, manufacturing, or importing Vegetable Textile Fires - Of Abaca 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 53050050
Tax liability for Vegetable Textile Fires - Of Abaca under HSN 53050050 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 53050050?
Every entity transacting in Vegetable Textile Fires - Of Abaca must quote HSN Code 53050050 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
Looking to deal in Vegetable Textile Fires - Of Abaca? GST registration is your first compliance requirement for HSN 53050050 goods. International traders in Other Vegetable Textile Fibre products must obtain an Import Export Code. AD Code registration facilitates export payment processing. Company registration should precede all other business approvals.
Why Correct Classification Matters
Using HSN Code 53050050 accurately for Vegetable Textile Fires - Of Abaca avoids compliance issues and facilitates credit claims. Monitor changes to 0.00%, 0.00%, and 0.00% rates for Chapter 53 – Other Vegetable Textile Fibre to maintain accurate filings and smooth business operations.
Frequently Asked Questions (FAQs)
What is the unit of measurement for HSN 53050050?
The standard unit of measurement for Vegetable Textile Fires - Of Abaca under HSN Code 53050050 is kg.. All invoices and GST returns must reflect quantities using this measurement standard.
Is HSN Code 53050050 mandatory for small businesses?
Yes, businesses dealing in Vegetable Textile Fires - Of Abaca must use HSN 53050050 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 Vegetable Textile Fires - Of Abaca?
Using incorrect classification can result in wrong tax calculation, rejected input credits, and penalties during assessment. Always verify HSN 53050050 for Other Vegetable Textile Fibre goods before invoicing.
Do I need AD Code registration for exporting Vegetable Textile Fires - Of Abaca?
Yes, AD Code registration is required for exporters dealing in Vegetable Textile Fires - Of Abaca under Other Vegetable Textile Fibre. This registration links your bank account to process foreign currency payments from overseas buyers.