54021920 is the designated HSN classification for Nylon 66 Filament Yarn Confirming To Is 13464, categorized under Chapter 54 – Man-Made Filaments; Strip And in the GST tariff structure. Businesses involved in trading, manufacturing, or importing Nylon 66 Filament Yarn Confirming To Is 13464 must apply this code correctly on invoices and tax returns. The applicable tax rates include CGST at 9.00%, SGST/UTGST at 9.00% for local transactions, and IGST at 18.00% for interstate supplies. Quantities are measured in kg. for billing purposes.

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... 54021110 High Tenacity Yarn Of Nylon Or Other Polyamides 0.09 0.09 0.18
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... 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 54021920

The taxation of Nylon 66 Filament Yarn Confirming To Is 13464 under HSN Code 54021920 depends on supply location. Intrastate transactions require CGST at 9.00% and SGST/UTGST at 9.00%. Interstate supplies are charged IGST at 18.00%. Invoices should consistently use kg. for Man-Made Filaments; Strip And goods under Chapter 54.

Who Should Use HSN Code 54021920?

All businesses supplying Nylon 66 Filament Yarn Confirming To Is 13464 are obligated to use HSN 54021920 on tax invoices. From producers to retailers within Man-Made Filaments; Strip And, Chapter 54 classification ensures uniform tax treatment. This requirement applies regardless of turnover or business model.

Business Registration Requirements

Entering the Nylon 66 Filament Yarn Confirming To Is 13464 market requires essential registrations. GST registration enables legal tax collection on HSN 54021920 goods. For cross-border trade in Man-Made Filaments; Strip And items, secure an Import Export Code. Exporters additionally need AD Code registration for bank processing. Begin with company registration to establish your business entity.

Why Correct Classification Matters

Proper use of HSN Code 54021920 for Nylon 66 Filament Yarn Confirming To Is 13464 streamlines audit processes and supports valid credit claims. Stay updated on 9.00%, 9.00%, and 18.00% rates for Chapter 54 – Man-Made Filaments; Strip And through government circulars to ensure uninterrupted compliance.

Frequently Asked Questions (FAQs)

Where can I find the official GST rate for HSN 54021920?

Official GST rates for Nylon 66 Filament Yarn Confirming To Is 13464 under HSN 54021920 are published in government notifications and the CBIC website. Current rates are CGST 9.00%, SGST/UTGST 9.00%, and IGST 18.00%.

Do online marketplaces need to mention HSN 54021920?

Yes, online marketplaces and e-commerce operators selling Nylon 66 Filament Yarn Confirming To Is 13464 must mention HSN Code 54021920 on invoices. This Man-Made Filaments; Strip And classification applies to all sales channels under Chapter 54.

What documents are needed for company registration to trade in Nylon 66 Filament Yarn Confirming To Is 13464?

For company registration, you need identity proof, address proof, and registered office documents. Once registered, apply for GST registration to start trading in Nylon 66 Filament Yarn Confirming To Is 13464 under HSN 54021920.

How often do GST rates change for Man-Made Filaments; Strip And products?

GST rates for Nylon 66 Filament Yarn Confirming To Is 13464 and other Man-Made Filaments; Strip And products under Chapter 54 may change through GST Council recommendations. Monitor official notifications to stay updated on 9.00%, 9.00%, and 18.00% revisions.

More HSN codes from Chapter 54

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