Within Chapter 54 – Man-Made Filaments; Strip And, HSN Code 54021110 serves as the official classification for High Tenacity Yarn Of Nylon Or Other Polyamides. This code determines tax rates and compliance obligations for all entities trading in High Tenacity Yarn Of Nylon Or Other Polyamides. CGST applies at 0.09, SGST/UTGST at 0.09 for local transactions, and IGST at 0.18 for interstate supplies. Measurement is standardized in N.a.

HSN Codes under Chapter 54 – Man-Made Filaments; Strip And

Below are related HSN codes from Chapter 54 – Man-Made Filaments; Strip And for your reference:

Chapter HSN Code Description CGST SGST/UTGST IGST
Man-Made Filaments; Strip And... 54011000 Sewing Thread Of Man-Made Filaments, Whether Or No... 0.06 0.06 0.12
Man-Made Filaments; Strip And... 54012000 Sewing Thread Of Man-Made Filaments, Whether Or No... 0.06 0.06 0.12
Man-Made Filaments; Strip And... 54021010 Synthetic Filament Yarn (Other Than Sewing Thread)... 9.00% 9.00% 18.00%
Man-Made Filaments; Strip And... 54021090 Synthetic Filament Yarn (Other Than Sewing Thread)... 0.09 0.09 0.18
Man-Made Filaments; Strip And... 54021100 Synthetic Filament Yarn (Other Than Sewing Thread)... 9.00% 9.00% 18.00%
Man-Made Filaments; Strip And... 54021910 Other High Tenacity Yarn Of Nylon Or Other Polyami... 9.00% 9.00% 18.00%
Man-Made Filaments; Strip And... 54021920 Nylon 66 Filament Yarn Confirming To Is 13464 9.00% 9.00% 18.00%
Man-Made Filaments; Strip And... 54021990 Other High Tenacity Yarn Of Nylon Or Other Polyami... 0.09 0.09 0.18
Man-Made Filaments; Strip And... 54022010 Synthetic Filament Yarn (Other Than Sewing Thread)... 9.00% 9.00% 18.00%
Man-Made Filaments; Strip And... 54022090 Synthetic Filament Yarn (Other Than Sewing Thread)... 0.09 0.09 0.18

GST Rates for HSN 54021110

Goods classified as High Tenacity Yarn Of Nylon Or Other Polyamides under HSN 54021110 are taxed based on transaction type. Local sales attract CGST at 0.09 plus SGST/UTGST at 0.09. For supplies crossing state boundaries, IGST at 0.18 applies. Documentation must reflect N.a as the measurement standard for Chapter 54 – Man-Made Filaments; Strip And products.

Who Should Use HSN Code 54021110?

Traders, manufacturers, and importers of High Tenacity Yarn Of Nylon Or Other Polyamides are required to mention HSN Code 54021110 on all GST documents. This Man-Made Filaments; Strip And classification under Chapter 54 is mandatory for compliance across all business formats including online sellers.

Business Registration Requirements

Looking to deal in High Tenacity Yarn Of Nylon Or Other Polyamides? GST registration is your first compliance requirement for HSN 54021110 goods. International traders in Man-Made Filaments; Strip And 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

Proper use of HSN Code 54021110 for High Tenacity Yarn Of Nylon Or Other Polyamides streamlines audit processes and supports valid credit claims. Stay updated on 0.09, 0.09, and 0.18 rates for Chapter 54 – Man-Made Filaments; Strip And through government circulars to ensure uninterrupted compliance.

Frequently Asked Questions (FAQs)

What is HSN Code 54021110 used for?

HSN Code 54021110 is used to classify High Tenacity Yarn Of Nylon Or Other Polyamides under Chapter 54 – Man-Made Filaments; Strip And 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 54021110?

For High Tenacity Yarn Of Nylon Or Other Polyamides, CGST applies at 0.09 and SGST/UTGST at 0.09 for intrastate supplies. Interstate transactions are taxed under IGST at 0.18.

Do I need GST registration to trade in High Tenacity Yarn Of Nylon Or Other Polyamides?

Yes, GST registration is mandatory for businesses dealing in High Tenacity Yarn Of Nylon Or Other Polyamides under HSN 54021110. This enables you to legally collect taxes and claim input credits on purchases.

What registrations are required for importing High Tenacity Yarn Of Nylon Or Other Polyamides?

For importing goods under Man-Made Filaments; Strip And, 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 54

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