HSN Code 54021990 provides the tax classification for Other High Tenacity Yarn Of Nylon Or Other Polyamides under Chapter 54 – Man-Made Filaments; Strip And of the GST tariff. Businesses dealing in Other High Tenacity Yarn Of Nylon Or Other Polyamides must use this code for proper invoicing and return filing. Applicable taxes include CGST at 0.09, SGST/UTGST at 0.09, and IGST at 0.18. The recognized unit of measurement is kg..

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... 54021920 Nylon 66 Filament Yarn Confirming To Is 13464 9.00% 9.00% 18.00%
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 54021990

The taxation of Other High Tenacity Yarn Of Nylon Or Other Polyamides under HSN Code 54021990 depends on supply location. Intrastate transactions require CGST at 0.09 and SGST/UTGST at 0.09. Interstate supplies are charged IGST at 0.18. Invoices should consistently use kg. for Man-Made Filaments; Strip And goods under Chapter 54.

Who Should Use HSN Code 54021990?

Every entity transacting in Other High Tenacity Yarn Of Nylon Or Other Polyamides must quote HSN Code 54021990 on invoices. This includes traders, distributors, and e-commerce sellers operating under Man-Made Filaments; Strip And. Chapter 54 mandates this classification for accurate tax computation across the supply chain.

Business Registration Requirements

Commencing trade in Other High Tenacity Yarn Of Nylon Or Other Polyamides? Secure GST registration to handle taxes on HSN 54021990 classified goods. Businesses with international operations in Man-Made Filaments; Strip And 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

Using HSN Code 54021990 accurately for Other High Tenacity Yarn Of Nylon Or Other Polyamides avoids compliance issues and facilitates credit claims. Monitor changes to 0.09, 0.09, and 0.18 rates for Chapter 54 – Man-Made Filaments; Strip And to maintain accurate filings and smooth business operations.

Frequently Asked Questions (FAQs)

What is HSN Code 54021990 used for?

HSN Code 54021990 is used to classify Other 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 54021990?

For Other 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 Other High Tenacity Yarn Of Nylon Or Other Polyamides?

Yes, GST registration is mandatory for businesses dealing in Other High Tenacity Yarn Of Nylon Or Other Polyamides under HSN 54021990. This enables you to legally collect taxes and claim input credits on purchases.

What registrations are required for importing Other 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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